Shared by:
Louie
General Comment/s:
-This stock was in play yesterday and was running but proved to be weak after the run. So hopefully in the open today it will just give up its gains if it cant sustain a bullish momentum
1st trade
Plan: (SS)
Setup: IDSP Fail
SL: 2.58-2.6 (VWAP)
PT: +.15 or the wash after the PCL break
Final thoughts:
-MicroManaged the trade. I exited earlier than expected as the trade is not working out as I planned. (I expected a wash to red when I entered the trade. Didnt happen and the stock double bottomed then made a lower high.
2nd trade:
Comments:
-Stock consolidated and held a support at 2.4 So when it broke that important support area, I got excited and shorted the stock.
Plan: (SS)
Set up: IDSP Fail
SL 2.5
PT: +.20
Final thoughts:
-Horrible Horrible entry!
-this stock is very tricky. It washes and it pretends that its about to breakdown only to rip higher. Damn
-Too illiquid stock. No edge
Execution detail:
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