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Shared by
_cup0fjoe

 

MARK

May 18, 2020 15:58


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Plans of an o/n hold, former runner, held above $1 lvl (holding its gains). I could have made this losing trade half the amount had I not added, but I'm not mad at that because I remember GNUS I traded it similarly to MARK today. The problem I believe was buying when the stock just spiked out of nowhere at 14:00 on fluff news. Overall markets being green, close to new highs gave me conviction. Held a/h and once it reached 1.68 I cut it. Yeah there's a chance of it gap-up, but the possibility of that happening were slim. Had it spiked and traded since the morning then more eyes would have been on the stock.

HINDSIGHT 5/19/20: realizing that I was so laser focused on the intraday 1-min price action that I kept failing to see the bigger picture, the macro picture.

PATTERN:


Execution detail:

Date/time Symbol Side Price Position
2020-05-18 15:58:21 MARK buy $1.740 long
2020-05-18 16:19:06 MARK buy $1.720 long
2020-05-18 16:19:09 MARK buy $1.720 long
2020-05-18 16:26:36 MARK sell $1.690 long
2020-05-18 17:24:49 MARK sell $1.670 0


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