Shared by
eskimobob
I need to get a handle on this. Jumping on momentum without a strategy is not working. Also my exits are sloppy. Using a cash trading account is also limitting me greatly, as my settled funds were all used up prior to a great run CETX made after this. I could have made my losses back. Learning outcome - be more selective, have a better stop loss strategy. Make more winning trades. CMEG margin account should be ready to trade within a week.
The 13 shares were a partial fill pre-market. If only that trade was a larger position.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-01 12:00:00 | CETX | buy | $2.230 | long |
| 2020-06-01 12:00:00 | CETX | sell | $2.450 | 0 |
| 2020-06-01 12:00:00 | CETX | buy | $2.570 | long |
| 2020-06-01 12:00:00 | CETX | sell | $2.600 | 0 |
| 2020-06-01 12:00:00 | CETX | buy | $2.588 | long |
| 2020-06-01 12:00:00 | CETX | buy | $2.487 | long |
| 2020-06-01 12:00:00 | CETX | sell | $2.412 | 0 |
| 2020-06-01 12:00:00 | CETX | buy | $2.263 | long |
| 2020-06-01 12:00:00 | CETX | sell | $2.320 | 0 |
Comments
eskimobob
I will take whatever help I can get! I probably should have paper traded for longer, but I figure I can learn on the fly with a smallish account.
What also hurts me is the price came back later and far exceed what I sold at a loss for, but, I needed to cut my losses, so I don't regret the exits, more the entries.
RushPro808
Awesome! If you keep an eye on my YT page I will announce when I have a chat room setup for other that want to network and idea share. I have gotten away from buying into the runners lately and it is paying off thankfully. I def got out of my element for about a week or so and had to refocus. 5 Green days in a row now.
I am on a cash account as well, we should def talk at some point if you like.
Yeah for sure - I've subscribed to your YT so will keep an eye out. Today I'm thinking that maybe premarket trading gappers is more my speed... could hae made 74% on WWR
Awesome, you will benefit from the custom built scanners for certain.
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Hey I can help you a little I had the same problem.... It's not an ideal thing to buy into something that is already overbought. Tricky.