I bought the stock above on Monday thinking that it could break out from its bullish flag formation. It broke out alright, but then immediately reversed hard, stopping me out at a loss.
One thought pattern that I have been cultivating is to think in terms of the next 1,000 trades. Sure, based on a sample size of 1 trade, this stock did not work out, but would this strategy work based on a sample size of 1,000 trades? To expand on this idea, I recommend watching this YouTube video.
Moving on, the following stocks are the highest potential stocks on my watch list right now: