Shared by
mikowitztrader
Practicing scalping on a longer uptrend. I bought on too many breakouts and sold on too many dips. Part of this is my trailing stops, part of it was I probably shouldn't have been trading a stock with so many halts, and part of it is I'm still afraid of buying into dips.
Lessons:
* Every dip was to a previous resistance level. Trust the lines.
* Maybe don't get stuck in a stock that's halting every few minutes so early in my trading
* Review my method of setting trailing stops and see if there's room for improvement to not get bit quite so hard on some of these dips.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-20 13:28:28 | CIDM | buy | $1.530 | long |
| 2020-05-20 13:29:27 | CIDM | sell | $1.580 | long |
| 2020-05-20 13:29:27 | CIDM | sell | $1.580 | long |
| 2020-05-20 13:32:23 | CIDM | sell | $1.480 | 0 |
| 2020-05-20 13:43:35 | CIDM | buy | $1.550 | long |
| 2020-05-20 13:44:51 | CIDM | sell | $1.650 | long |
| 2020-05-20 14:09:31 | CIDM | sell | $1.750 | 0 |
| 2020-05-20 14:17:50 | CIDM | buy | $2.020 | long |
| 2020-05-20 14:18:10 | CIDM | sell | $2.070 | long |
| 2020-05-20 14:25:28 | CIDM | sell | $2.200 | 0 |
| 2020-05-20 15:19:10 | CIDM | buy | $2.520 | long |
| 2020-05-20 15:22:59 | CIDM | sell | $2.570 | long |
| 2020-05-20 15:30:42 | CIDM | sell | $2.230 | 0 |
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