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Trading silly small while I get back into this/study. The pop back above vwap in the PM to this AM's highs grabbed my attention around 2pm. I kept an eye on it with $3 as a key level for b/o. It was holding into the close so I bought with 2.86 risk (low 2.80's intra-day supp/res level). Was aiming for 3.36 and wasn't confident about holding overnight

Trading silly small as I get back into it and study. Caught this as it was hitting the upper end of a channel it'd been in since about 11am. Looked like it might break hod which to me meant a good possibility of a multi-day b/o with solid upside, especially if shorts had piled in already. Risk was $7.60. Plan was always to take profits around 8.4 or less if it seemed to be heading back down. Was tempted to just let it run but that tends to burn me.

actually right on, but I was in early. It tested my risk level, then went up .10 from where I bought but it looked like it was failing & I sold. I've been seeing these plays - spike big in the morning & carry through late morning & sometimes all day, so been trying to catch pullback off initial spike before it takes off again to new highs. learning that you stick w/your plan (including risk level) bc of shit like this. There was an edge here & it played out just not in time I expected

speculative. OTC came hot out of the open & was mimicking several plays I'd seen the last week (big opening spike, hold, retest/new hod)-that's where I tried to get in. bought it early on a dip thinking it had potential upside of .43 but took longer than expected.slowed down into noon, found a groove & vol dried up from 11ish to 2 or 3. sold at close partly b/c I'm not comfortable holding overnight

Adding this old trade from my trade tracking journal. Had to reference my transaction history at TD (now Schwabb). Didn't take good notes on this but did have this written down: I knew INAB was a mediocre trade. I KNEW it was a gamble. But FOMO got the best of me. I stuck to my plan but it's not a trade I should have even entered. Need to be more disciplined and be sure it checks all the boxes. (also yeah my position sizes are weird numbers because I try to be pretty exact w/ my risk right now)

Adding this from my trade tracking journal. Had to reference my transaction history at TD (now Schwabb). Didn't take good notes on this

1st trade back in awhile. 1BGD b/0. Hit new highs, consolidated. Given vol thought it had legs to hit mid.30s. questioned timing even as I entered. if it failed @hod I was gonna sell there. stuck it out & was able to get my stop limit order in. think tod and 3 new highs probably indicators against this. shoulda waited Admittedly had FOMO. Really should have let this play out and it seemed to be basing around .25s so my .27 entry wasn't great. I was trying to catch a move back upward.

FBGD OTC former runner. bought near test of intraday res/sup. hoped it'd rip to hod but closed weak. didn't expect to make a lot cuz it closed @ my risk then I did something stupid. Not very familiar w/PowerEtrade. Should NOT have been using it or I would not have bought (instead of sold) 11000 shares. So pissed at myself. ended up selling w/a market order just to get the hell out. STUPID mistake--trading w/unfamiliar software & watching 2 positions with diff brokers

Entry comments: 3rd GD OTC. higher volume, multi-day b/o earlier and sustaining higher lows. once again, bought this off a dip hoping for more of a rip (it eventually b/o on the day). hoping to sell into a nice gap up in the morning. (NTS: practicing tighter risk management to allow some margin for crap I can't control despite my discipline)
Exit comments: this was just a screw up. so pissed. never using etrade again. only ever have issues. while i was trying to exit another position on etrade i missed my opportunity to bail on this trade and it tanked in the meantime. it's my own damn fault. NEVER GO IN ON TWO OVERNIGHT OTCs THAT NEED TO BE WATCHED CLOSELY!!
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