SYRG - Already put notes on the chart. This is a bad trade, broke my rules add keep add to the loser.
$ATV I make good money yesterday so today I want to see the continues wash lower. Start in short risk the $6.90 fail support. Short some more on the drop below $6.90 and wait between 10 - 11am and keep hanging around $6.70 - $6.90ish. I have to exit the position with a small loss because didn't drop to $6.50 as my plan and it's lunch time.
$SGI - gap up from $4 to $5.60ish. My plan to let it top out to look for "HIGHER LOW" "HIGHER LOW" confirmation to start in short using the "HIGHER LOW" HIGHER LOW pattern.
I was trading other ticker and check back this stock and it's already doing "HIGHER LOW" HIGHER LOW. So my max risk level is $6.10 at the higher low line. I start in short at $5.88 and $5.86 wait for it to crack. It crack and jump right back to the $6.00ish range. At this time I have to come up with 2nd plan or exit my position. I decided to stay with 2nd plan that I will risk the $6.10 level. I short more at $6.06 to bring up my averages $5.95ish. It's just doing sideway consolidation and didn't crack as my plan. At this time I exit the trade with small loss.
I want to let you know here that if the trade doesn't go with your plan, just exit and you can alway come back in. I broke that rule today... and I broke the rule on adding to the loser too.. Oh well. I am human and make mistake but if you read this, hope you can avoid when you trading on your own.
Enjoy reading. Please let me know if these information are helpful so I can continues to post.
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