from my pm WL; news on small cap, but no low float; knew it was a fav gap up short play for short sellers as it had heavy resistance (124M); knew shorts will try and attack which is what made me go smaller on size; had I had the wrong mentality and thinking only about the potential rewards/gains and not the risk I would have gone in which 300-500 shares as it was under a $1 stock; as it broke my risk I sold half and once it was just showing lots of sell order I decided to cut losses completely and sold my other half left. This just reinforces the fact that I should stick to my pattern and not justify entering a similar setup that's missing a criteria(in this case, a low-float). I did excellent respecting risk and feel okay, not drained mentally on this lost.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-04-27 09:43:05 | DFFN | buy | $0.6150 | long |
2020-04-27 09:55:48 | DFFN | sell | $0.5680 | long |
2020-04-27 09:56:15 | DFFN | sell | $0.5530 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!