One of the big trades I took on early this year.
BBHI formed a Power-play setup, I bought it on the breakout but got hit a day after at a 7-8 % loss.
BBHI formed a Power-play setup, I bought it on the breakout but got hit a day after at a 7-8 % loss.
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The lesson: I bought the stock at a pivot failure. The stock reset its pivot on a low cheat level that I should've bought back on the pivot reset on the 3rd of January. Remember to always look at the stock that hits you, it might form another opportunity to buy.
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Reference/similar case: BGNE, Nasdaq - 31 August 2017.
