PSTR Trade on Apr 8, 2015 09:52 from EliBrown: Tradervue User Stock Trades.

I was watching this for a continuation from breaking over the 50 SMA during yesterday's rally. I had a trend line drawn from yesterday's pullback to 4.10 through the pre-market lows and ending at 4.35 today. After the stock opened weak I was thinking it would hold this support level and break above $5.00 resistance. I went long 500 shares at 4.52 and had mental stop of 4.35. Support didn't hold and I flattened the trade at 4.31. The main mistake I made was chasing my entry to far off of support. Had I entered after the first test of this level I could have limited my losses with a much tighter stop. Also in hindsight, this looks more like a bear flag and it did not have any convincing rounding price action to warrant an entry.