I wanted to buy 1.10 breakout, but it looks that the stock is overextended. Breakout failed, I cut losses quickly.

I didn't follow my plan, so here is the loss. I wanted to wait for breaking 3.88. But I entered when there was breaking 3.50 (intraday resistence). Good lesson to follow my plan... I cut losses as quick as I could.

I saw the stock after it broke day resistence 2.43. So I added the stock on my watchlist for breaking 2.90, which looked like key level because of month resistence. It broke and was touching 3.00. I sold too soon @3.03. I should give it more time because braking rounded number (3.00 in this case) takes time. There wasn't wall o sellers that could scare me. I just wasn't patient. My mental risk was @2.75.

Buying on dip after breaking PM support @0.5055, mental stop @0.43. I stayed in the trade after double bottom (support @0.45). Suddenly new high was lower then previous, so I changed the risk to 0.49. If it breaks 0.50, the stock is not interesting for me. I sold @0.49 as planned, so I am happy with this trade. Looking at it in big picture, the stock was overextended (gap up 100% from previous day close), so there should be selling. The stock is fading till the end of the day.

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