Getting out while ahead by a tiny gain since it isn't spiking and need to stay safe on this 2nd entry.
Cutting losses since didn't like the direction this was going and have to protect my account.
Bought this stock when it was breaking out past the $4.50s, entry was a little late in the $4.60s. Very annoying and frustrating price action. Thought it could breakout and test the $5s. Cut it, as it was not convincingly breaking out and it was just consolidating sideways.
spiker early morning, fade, hit oracle signal and bought on dip, hit stop and got out. just consolidated the rest of the day. broke out at 2:50pm ish and almost hit target at 3:07 and then dropped quickly.
Entered this trade when it was reaching the RCT entry during premarket. I feel that the sub-$1 stocks move differently with the RCT pattern than $2, $3, $4, $5, and $10 stocks. This stock didn’t have a news catalyst, so it was also more speculative. It quickly started dipping lower, so I cut it for a $20+ loss, which turned out to be a great cut becuase it dipped to the $.50s not too long after. Good lesson.
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