190711 TECH Profit down to half, I made a mistake!

Three day bounce on major support

Entry: 15.80 (nice entry)

Exit: 3rd day strength!

TS: Previous close of 2nd day

I made a mistake!

Sold at low on the 3rd day.

Carelessly didn’t sleep early a day before the 3rd day.

Result: Profit slashed to half. My bad! 😦

190705 PIP Half Bagger Trade

Entry: 1.38

Target Price: 2.10

Exit: 1.95-1.97, lastly 1.79

There was a strong resistance build up at 1.38. A break over it could trigger momentum. Though it didn’t picked right away, the previous resistance (1.38) held on until the follow up rushed in.

Bias was PIP might catch up with 100MA on weekly. One more consideration was Fibonacci 38% which could be treated as target price.

Expecting consolidation on high around 1.80 should have easily hit 2.10 but the momentum started dissipating around 2.00. This was where I started to sell position to keep my psych safe from undesirable event. The next 2 candles where so bearish. At this point I got the majority of my position out and just let the few satisfy the play. Breakdown from 1.80 was my stop.