This is my today's half successful trade today.
Successful:
I bought at the right beginning at market open. My entry price is $3.62. This is a biotech company and dramatically do down for several days. I found that for biotech stock, if it is in the base area, and the price is gap open high, it is very likely that it is a good up trend day. (I have not seen a counter case for 1 to 2 weeks since I notice this.) And the price is go up in the first 2 minutes, so I get in.
Failure:
1) I should buy more in the middle of the up trend. (Anyway, this is my first try on this kind of setup)
2) I exit too early at $4.1. I should wait until the EMA5 cross down to EMA 34. It is about $4.4
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