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PeytonKP_BoWS
I shorted this one thinking that under $5.00 was a legitimate crack spot. The stock sold off at the opening and then it's first attempt to go green was rejected on high volume with the price back under the 9 ema. so I entered. For a moment here, the trade was looking better and better bear flagging, holding under 9 ema and vwap. I added on to my position where I thought it was going to flush further then it reversed and I took way too big of a loss. 2 Mistakes: I failed to acknowledge that the stock was down 3 days in a row. And I did the worst thing ever when managing risk. I should have tightened my 5.07 stop big time when I added to my position to properly manage my risk, instead I held on, hoping I wasn't wrong as CYTR squeezed upward. Ugh. Another lesson learned here..
Execution detail:
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So your first entry was pretty good for my type of style, your second wasn't, it was to far away from your stop. Look at screencast.com/t/qCsxzU0y. See it pop over the 9ema and 20ema. that was your sign to look for your exit. I would've exited 5.02 on the second green candle, when it didn't work out and drop back down pass 5.00