
1/14: Restab, after a great recovery today, waited for 5 minute close above 5.10 with volume relatively higher, risking 4.95 tight with, room for dip to 4.9 in morning, looking for some speed up into close and ending with strong hammer candle. Goal is still in 6 USD area. Stopped out on gap down. usually I would wait for first 5-15 minutes of day to see what the stock does and this would have given me a better exit.

This was a daily consolidation play which I set up pre market. Entry 4.8 risk 4.6. When the market opened it triggered my stop (LOD was 4.56!) I will increase my risk level in the future but I used the previous LOD which I thought was enough. The stock went up to 5.13, but overall I was I was very happy with the result as my thesis worked well. Onto the next one!
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.


