Fed meeting today at 2 , this is a Gold exploration play , it is showing higher volume yesterday however today the volumme dropped which is why I am choosing to take my wins , and trend , what i do like about this is that it is coming out of the reversal with strength for the past few days, and broke resistance . will watch for another entry point looking for the dip/consolidation confirmation for possible re-entry. been moving between 0.23-.235 . not enough for me to stay in , taking my 12%
Entry comments: put a sell on elvt , this is the remaining that did not get filled
elvt is one we have been following for a while , Doug Hurst (CRK 50x plus) CRK 2 - 0.06 to 50 X , ELVT 2.74 - .09 and now showing signs of strength and trend reversal with volume . took the trade on a volatile day . overall moves 22% at high , ended at 7.50% on high , tomorrow is fed meeting so decided to take the gains and wait for price action for tomorrow .
got in this because its on a watch list for gold stocks , however I knew better and lost sight of my discipline , low volume penny stock , dangerous game , and gambling . old habits . what I have doing to stop making this mistake is I wrote it down to look at when trading, to stay more disciplined and not get lost in what I 'think' will happen
AH short
PM Fade --> AHHB
Wanted to get rid of a big loss. Cost average after consolidation and change of name on September 28 : 4.0163 - ELVT (Elevation Gold Mining Corp.)
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