TGL wow what a run on Friday. I thought being this far extended it would squeeze pretty good Monday morning. I was wrong it had a small squeeze took safe profit. Price action did not hold at all. It got halted on the way down and is now 19. Big losses have led me to a different trading style. And playing things safe!
Took a Flyer. Looked a lot like SMX huge runner last few days. Thought it might run upper teens to upper 20s by EOD it did. After hours got to $60s Wow. Sykes mentioned to have people tweet, it showed up on RBG Scanner chat also. Should have held some. But often I get burned. Did call it right though. Glad for great profit though. Sold in 2 batches. 80 @ $24.78 and 20 @ $18.50. Thinking on a Friday. Keep some (Take max profit) as it might run as with Broker margin calls by Monday.
Locked in gains at $38 for a disciplined exit. Stock later ran to $64, but I’m grateful for the win — profit is progress, and discipline is sanctuary.
Bought this stock afterhours after it squeezed up to the $50s. I used the first red candle after the squeeze as the RCT entry, however, this was not a disciplined trade, as I chased it. Need to stick to the box checker RCTs and stay disciplined. Good lesson.
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