Day 1- I took a starter on PURA after it looked to find a bottom to the dip off of .082.
PURA was a multiday Breakout play that also had PR today that they would be releasing more PR about their new product line next week.
I entered 20,000 shares @ .0745 (initial risk off .072)
Added 40,000 shares @ .0789 when the volume came in and tape sped up. (new risk off .076)
Into the close I wasn't as happy with where the price closed so I took off the 40k add and swung the rest looking to sell into a gap or morning push.
Day 2- My game plan for this trade was to allow the price to dip and move around a little and as long as it stayed over my risk going into the day which I moved to G/R (.0755 ) then I would hold on and stick with my trade. Had a decent little gap at the open so I added another 20k which gave me a new Avg of .0802 and I was still okay risking G/R but a comment was made in chat that I should sell because I was chasing and that swayed my decision and plan to hold my risk for a bigger move which cost me missed gains. As frustrating as that was I need to focus on MY trade plan and no one else!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-09-20 12:54:18 | PURA | buy | $0.0745 | long |
2019-09-20 12:56:41 | PURA | buy | $0.0745 | long |
2019-09-20 15:27:14 | PURA | buy | $0.0789 | long |
2019-09-20 15:56:47 | PURA | sell | $0.0772 | long |
2019-09-23 09:31:53 | PURA | buy | $0.0828 | long |
2019-09-23 09:55:31 | PURA | sell | $0.0811 | 0 |
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