AMRX Trade on Jun 11, 2021 10:31 from astevenson8: Tradervue User Stock Trades.

I purchased this stock after I identified an inverted head and shoulders pattern. I purchased 94 shares at $6.06 a share. The total cost was $569.61. I set the take profit at $8.49 and the stop loss at $5.46. I closed my position early because shortly after this stock hit the 6.01 resistance level it reversed back into a down trend. We had several red days in a row and it appeared that it was only going to get worse. Pay closer attention to the Russell index. I could have avoided this loss by waiting for the candle to close mostly above the resistance level. Then entering the position on the next confirmation green candle above resistance.

The 50 day MA and 20 day moving average started closing in on each other and this would have been a great time to exit saving me capital. I set the stop loss a little to low. I could have saved capital by setting the stop at the 50 day MA level. I did not get to break even. I did recognize the bearish candles forming on this downtrend which told me it was past time to exit. I felt frustrated because almost all my positions were turning red. Part of this was because of the market conditions.