Reasons: 1. Low-risk entry point 2. Coming from a classic cup and handle 3. Bought initial position at the cheat area 4. High relative strength stock 5. It is in a confirmed stage 2 uptrend
Flaw: 1. My latest personal trades are not working well 2. Stock squat and lack volume on the breakout
I like to see a pivot reset and more constructive action in the upcoming trading days.
Trade active
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I added to my position on a pivot reset today.
Trade active
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An abnormal price action occurred today. On a judgment call, I reduced some positions at -2.4% loss.
Trade closed: stop reached
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A full bearish engulfing. I got stopped out at my entire position at -6% loss.