-the chart is self-explainary. bought it yesterday with $4.39 avg and sold today in $3.60's.
-Neglected the price action and HUGE order hitting on bids yesterday a/h and was rationalizing.
-got emotional b/c it squeezed up a buck right after I covered yesterday. Couldn't make rational decision after missing opportunities or taking losses. That's part of me that I am having trouble to break away. Remember frustration, missing opportunities and taking losses are all part of the game!!!! Each trade is separate and independent!!! Shouldn't be influenced by any one trade b/c at the end none of them would matter much.
-Had both success and failure with it. Was lucky that I found the reason behind the movement otherwise I would get smoked for sure!!!! Jesse Livermore is wrong in this case!!! The reason behind the moment is important!!!!It allows you to make correct decision and have conviction !! I was lucky that I've found out that it's a pump at the top and saw stuffing action at $2.80 so quickly sold my entire position. If I didn't know the reason I would end up holding it and turned a green trade to red. It's important to incorporate both the fundamentals and technical into the trade!!!
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