PECK Trade on Nov 25, 2019 09:58 from Chigozie: Tradervue User Stock Trades.

Why did I want to take the trade?

Halted on low volume. Wanted to enter on resumption at a low risk spot as more volume poured in.

What did I see?

Stock was surging towards 5 and looked like it wanted to halt again, so bought into it but it didnt halt.
Stock was holding half dollar support and looked like it wanted to continue. So added at that for a rip to 5.

What was the downside potential?

Stock couldn't hold support and would flush down past 4.50

What was the upside potential?

Stock breaks 5 and surges up to 6.

How did I manage the trade?

Very low volume and spready. There wasn't immediate resolution so I sold half my position for a small profit around 5, but got filled at 4.70 on the ask. It then popped to around $5.50, and as it was selling off I just bailed out after not being able to be filled on the ask back towards 5.50

What was I feeling at the time?

Slight irritation as this was another whippy low float with wide spreads and weak followthrough. It's just annoying that every time I sit out of a breakout, it resolves, but when I get into them they fail or have very poor resolution, or I cant get out on the ask.

What did I do wrong?

Not scale-out or add as the stock was around 5.50. It's half dollar resistance and should have a plan around it.

What did I do right?

Got in for the break of 5 and sold above it.

How can I improve in the future?

Buy the pullback as soon as the first halt is done, if it looks like its holding. Mainly though, I should have respected my risk management rules and not traded this, as I already had 3 losing trades in a row (on JAN). I was telling myself this was a "grace trade" since there was no followthrough and I followed my rules, but that shouldn't matter and will just become too subjective in the long run.