Shared by:
rrodriguez
I tried the dip and rip or supercurl as some call it. I messed it up once again.
I went long at 3.66 with 96 shares for a 25 usd risk below LOD @ 3.40 ( SL 0.26).
The entry signal was a break of vwap. I was looking to go to 2R, although ill be honest,l was mentally going for no lower below 3R. I think i screwed up on several fronts. 1) it wasnt on my watch list ( aehr, zivo, vtvt, capr), but i ran to it seeing that it was popping up in my HOD scanner. Didnt do my my due dilligence, and track that it had premarket HOD resistance at 4.0. RR was 1:1, probably should have waited for it to break premarket hod first. it dumped back down to my breakeven stoploss, after i had moved it up once i had reached 1r range. 2nd mistake , i didnt take any profit at 1r, and it came back down and left me poor.
Execution detail:
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