Possible Swing trade leading to support at $56. Small position.
Journal entry. Stop at 62 $80 loss.
I will wait to see how it responds to $56 if it bounces I'll change direction and go long if it fails add to my position
40 shares only if it passes support adding 100.
Testing smaller positions based on right sizing my trade against the average range from similar volume ranges. $2 price move into $80 is a good position for my stop
Journal entry. Stop at 62 $80 loss.
I will wait to see how it responds to $56 if it bounces I'll change direction and go long if it fails add to my position
40 shares only if it passes support adding 100.
Testing smaller positions based on right sizing my trade against the average range from similar volume ranges. $2 price move into $80 is a good position for my stop