I’m lost?
I just need to know if these are typical results or no. This has happened to me a couple times since I’ve started my trading journey and idk if I’m doing something wrong or what. I entered VICR yesterday. It was making a nice range and riding the 10SMA, making HL and similar highs, yesterday it broke out on high volume.
Today the thing just completely reversed and hit my stop loss, I was up a good 15 percent ish yesterday and now I’m down.
This has happened to me at least 5 times since I’ve started trading and I’ve been at this for a decent chunk of time. I don’t really think I’m doing anything wrong but that’s for you to tell me really.
I always check the stock is strong, in an uptrend with the SMA’s lined up, then enter on a day with strong volume after it breaks out of the range.
Maybe I’m an idiot but I’d like to hear what other people think.