Entry comments: Taking this b/o continuation set up on the morning fader pattern. First target is near VWAP which is at $4.26; then hope it can go even further. Initial risk is $3.60
Exit comments: Taking this at breakeven as it did surge up near VWAP but couldn't hit my target of $4.24 and then started looking weak. Wish now of course I would have taken some profits in the high $4 teens. But glad I saw it wasn't going to be able to bust VWAP and take it off at break even, no harm, no foul. Play here actually looks like when it bounced off of the lower support level then taking the exit at the entry of $3.90 (or holding some into VWAP surges)
Random, IO5MCR, not on wl for one as had 2 big green days, but spiked so much pm, waited for pullback, tried calling it a 3DS but it wasn’t as wasn’t being tracked as one, stopped out and with slippage, if stuck to original plan of support buy this would of worked nicely
ENTRY COMMENTS: Oracle play at the signal. Did not set a stop loss or profit target initially worring about an early stop out. EXIT COMMENTS: Went ahead and entered a close profit target OCO and included a stop loss at the DIT Alert recommendation. My entry worries came true early and was stopped out for a minimal loss.
breakout but never happened
Third time is a charm on this ticker. I entered when it was breaking out near the $5.20 level for a retest of the $5.50s. I got in at $5.18 and it sold when it was breaking out slightly past the $5.50 area for another single. Even though it finally retested the HOD level, over trading is still an issue for me on Fridays, so I need to focus on being more meticulous, especially because I traded the same ticker three times in premarket. Good lesson.
Second trade on this ticker during premarket. I felt that it was going to retest the HOD for a breakout, so I bought it on the bounce, risking the lowest point of the dip. It started spiking a little, but then started to dip more, so I got out with a small profit. This stock was very choppy and would spike then dip repeatedly. Good trade.
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