Reentered on the same stock a/h after it was show strength. I got a pullback to my risk lvl and decided to average down. Since I started with 1/4 size I was able to add another 1/4 size to have 1/2 size. Of course average down was never part of the plan, but then again the this stock is so liquid that there are buyer and sellers at every lvl.
June 8 2020 - I just sld my entire position pm. It looked OE and I did not want to risk my unrealized profits and then have a breakeven trade. A 20% o/n gainer. The more I see these o/n gappers, the more I begin to see the potential in these 2 day runners. Of course it comes with risk if it gaps down during pm, but the upside is big. Remembering $SRNE massive move from Friday to Monday when they hyped the public due to supposedly finding a vaccine for COVID-19.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-05 17:40:18 | OAS | buy | $1.220 | long |
2020-06-05 18:03:30 | OAS | buy | $1.170 | long |
2020-06-08 06:37:13 | OAS | sell | $1.460 | 0 |
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