-$36 Loss
RIGLLong Stock
GlennP

Gap up on strong volume. Breakout on the daily. Nearly all of these breakouts on the dailys have been huge % gainers. Bought the breakout with a mental stop of 5.03, below the dip low. Stock was failing to breakout so cut losses quickly when volume was fading and it made a lower low. Didn’t want to let it fade to my stop just to give the market my full $100 loss when I thought the pattern was broke but now it’s back above the breakout level.

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DatePrice
Entry2/18/20215.2799
Exit2/18/20215.2001
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GlennP
GlennPFeb 18, 21 10:20 AM

Maybe I need to start setting physical stops and walking away. My position size was good on this trade because I based it on a $100 loss with a stop @ 5.03 but didn't follow my plan and cut losses early and I'd be up right now.

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