S stopped out $3.80

This was a rough ride and very unpleasant. First I got in too quickly based on my entry flowchart for stock reversals, without letting this reversal develop into a true breakout.

Then I didn't have a stop loss in (first rule of trading, limit your losses). The price recovered, and I should have got out even. But I didn't, I was confident it would turn around. But it didn't turn around, and now with my stop loss in, I was stopped out at my 5% stop loss at $3.80 on 12/3. The day after, it was back up 5% in a single day to over $4.

Now it's at $4.17. Should I get back in? I'm almost done with second guessing this volatile little bugger.  I'm going to let a clear trend develop, as I think the company has potential and should benefit from all this frantic buying of smartphones as Christmas presents.

S Long at $4, using flowchart for entry strategy.

Going long on Sprint (S) as the first real live of my entry strategy flowchart. The chart fits the strategy perfectly. Let's see what happens.

Buy price was $4, which was a little high in the trading range of the past days, but the green candles are promising, and there is strong support from the August low.

S bought Long at $4

Sprint looks like it is setting up for a reversal.