dumb trade no vol, under HOD
Scalped ie bought and sold into strength
Thesis was for a continuation of the last two days of gains. My risk tolerance was .30 on this play but I cut it as it dropped big time right at the opening of the market. I exercised much better discipline and cut my losses quicker this time.
3DS, went abv r/g and back and looked like 2.50 support so bought risking 5%, took into open, even so never looked strong, but didn’t look weak either, but then big drop and thought was going to half so got out at 2.35, double the loss I wanted 10% instead of 5%
Oracle play that hit and then pulled back a bit; Matt said a hold at 2.35 would be signs of a breakout so this is high than that. The stock is holding all morning. Looking for a breakout. No real breakout. Was a flux play at 2.75 which hit right at the close, and I wasn't fast enough to sell because I was on the phone. I kept watching when it was 2.65, and I did not sell. I finally sold, breaking even.
Entry comments: dip buy
Exit comments: dip buy held over nite to get a bounce
CBT, symp to UGRO
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