I Opened And Closed GAMB All In The Same Day For A Loss
I had been taking partials all week and moving stops up further reducing my risk, so I opened a fourth position this week in GAMB.
After a day of volume that was nearly 4X the average the day before my purchase, I reasoned that much of the overhead supply through the pivot point had been burt off. At the close on that day the stock also had shown excellent support at the 21ema.
I calculated the risk at a decent 5.22% and decided to open a half position. Since I was looking to get into a early entry, on a potential right side to the base, I didn’t want to get too aggressive with a full position.

Unfortunately, by the end of the day, my thesis had been proven incorrect and I hit my stop loss. GAMB will stay on a lower tier watchlist for the time being. It’s still A strong stock that’s building out a base, I was just too early and maybe a tad overly aggressive with this purchase.
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