Summary
I played the chart incorrectly and paid the price. I cannot risk much since I lost all my money so I try to compensate by putting a tighter stop. If I must do this to play, I shouldn't play at all. I have to go with a plan where I have the best chance of success. Otherwise, I will fail.
Ticker: MEI
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| Both ways would have worked fine. I was just looking out for which way it would go today. |
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| My stop was too tight and I got stopped out before the chart worked. |
Note: Play the right stop or don't play at all.
Ticker: BGS
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| This could go both ways. Just gotta look intraday to see what it wants to do. |
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| I missed the morning flush and it reclaimed support perfectly. I was looking for a lower high and to anticipate another wash. It did not happen. |
Note: If a stock reclaims with conviction, it is still front side and I should not touch until it hits backside.
Note: I should be focusing on stocks that have more volume like KBIO. Today was a fuckup.
Found out what I am doing wrong? Please let me know by posting a comment below.
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