This trade sucked and I'm trying to learn from it. I bought in because I saw it holding a key level. However, each bar was ranging over .50c, and I bought it at the top of the range. It then QUICKLY broke the level and knifed out. A bit later I thought it might reverse off of VWAP and I bought in again. It continued down and I lost again.
I should NEVER buy in at the top of a range when something is ranging. It's probably best to stay out of a play when the price action is ranging that wide (anything over .20) on each bar. It had shown a bullish bar so I bought in. I was WAY over sized. I guess I was confident that it would go the way I thought. Ever other trade I made that day was green, and this was the 4th trade. I also know I should not trade a stock a 2nd time when it knifes hard on me. I should not have felt like the 2nd trade would work, and it didn't, it was just a brief bounce at VWAP on it's way down to the next key level.
This trade sucked and I'm trying to learn from it. I bought in because I saw it holding a key level. However, each bar was ranging over .50c, and I bought it at the top of the range. It then QUICKLY broke the level and knifed out. A bit later I thought it might reverse off of VWAP and I bought in again. It continued down and I lost again.
I should NEVER buy in at the top of a range when something is ranging. It's probably best to stay out of a play when the price action is ranging that wide (anything over .20) on each bar. It had shown a bullish bar so I bought in. I was WAY over sized. I guess I was confident that it would go the way I thought. Ever other trade I made that day was green, and this was the 4th trade. I also know I should not trade a stock a 2nd time when it knifes hard on me. I should not have felt like the 2nd trade would work, and it didn't, it was just a brief bounce at VWAP on it's way down to the next key level.
The first trade was decent, opening momentum. The trades later in the day were dumb. I don't normally trade like that, I shouldn't have bothered to risk anything at that time of day. Also volume had steadily decreased during the day, there was not volume to support a good move.
The first trade was decent, opening momentum. The trades later in the day were dumb. I don't normally trade like that, I shouldn't have bothered to risk anything at that time of day. Also volume had steadily decreased during the day, there was not volume to support a good move.
The first trade was decent, opening momentum. The trades later in the day were dumb. I don't normally trade like that, I shouldn't have bothered to risk anything at that time of day. Also volume had steadily decreased during the day, there was not volume to support a good move.
I don't like this entry. It was gapping down after a strong day, which is a pattern that works for me, but it sold off. I bought in a massive volume bar, but price closed lower for that bar. It was bearish. If it was bullish it would have been ok, but it wasn't. The subsequent bullish bars did not have anywhere near the volume the bear bar did.... I should have stayed out. But I did have a pretty tight stop loss, so that was good.
This was a decent entry and a good exit based on levels. In reality the risk reward wasn't that good here. My stop was around 2, where that first bar has a bottom tail, and it came close to stopping out, but I sold close to the 2.20ish level. In reality I was risking 1:1, and that's not good.
Strong bullish entry signal. Could have held a lot longer for stready growth... Don't sell out of these entries until they find a top. Could have made 10-15 dollars on this trade if I held it, or bought back in.
Good entry.. Sold to lock in profit, probably had a tight stop mid bar, should have been at bottom of the current or prior bar. Could have held longer.. The other lows after my trade would have been a great entry! The levels on the charts were left over from prior days I think.
I think I bought in to momentum here. It was trading above highest key level from pre market. Looks like a pull back entry, but I don't normaly take pull backs like that. The retests of the ghighest key level from pre market would have been great entries to take.
I bought in to a strong bar, but set a tight stop, since there was such a wide range on the bar.. I think I moved the stop up as the trade worked out and stopped out at some point in general price action.
Good strong entry, stopped out tho, should have used smaller stop maybe, it's either gonna keep going or not.... Maybe took on too many shares here.. There was better ways to play this chart I think..
Good strong entry, stopped out tho, should have used smaller stop maybe, it's either gonna keep going or not.... Maybe took on too many shares here.. There was better ways to play this chart I think..
This was a bad entry, I don't know why I entered here. It was at a key level but it didn't show signs of strength. This chart had a great play tho later on... many better plays on this chart after my trade.
