I have gains that exceed 60% this year. That has set me up to do something that I normally would not do. Take a big trade with size.
I had targeted FUEL as it announced great revenue growth and surged on high volume. Although it put up a wick, I've seen that before and stocks go on to spectacular gains after the day 1 move. Day 2 pulled back nice. So I had a fishhook type of analysis for it. I planned on a buy stop at 19.05 I wind up getting a fill at 19.24 (never again will I use that type of order). That hurt because I bought big. It then preceded to fade.
Despite the pull back today there is nice support at the top of the bottom pattern. I would have liked Fuel to kick off that formation. That didn't happen yet, but it also didn't fall past it. So this remains a work in progress. This will wind up either being my biggest loss or my biggest gain of the year.
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