Wednesday is often referred to as Whipsaw Wednesday, and today lived up to that name. One example of this was a trigger from today’s Watchlist, DKS. It blasted through the entry point, giving me a bad fill, then reversed to stop me out, only to move higher from there.
I may try this again it if moves tomorrow.
The other trigger was RBY, which was my attempt to capture the big moves in penny stocks right now. This could still move, I have a small position in this.
Another stock from the Watchlist traded above the entry point, it was SMTC. It gapped up, but made a nice run.
I feel a bit out of sync with the market this week. I am disappointed in some of the stocks I have missed, but I think the market is starting to look tired here, and we should see a pullback soon. Hopefully a bullish pullback, which could lead to monster runners. I will be keeping trades short.
Good luck and good trading!
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