GNUS Trade on Jun 10, 2020 06:54 from Saisxyo: Tradervue User Stock Trades.

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Saisxyo

 

My first trade was a dip buy, thinking that it will bounce after I bought it @ 5.47 with risk @ 5.45. It broke my risk so I sold @ 5.42. The price dipped further to 5.39 then bounce off of VWAP to 5.58. I should have waited for the Fail breakdown of VWAP before I enter. Need more patience for the dip buy.

Reenter @ 5.22, risking 5.20. Enter because I saw large green volume. It wasn't able to bounce so I sold when 5.20 break @ 5.15. Could've been a better cut if I sold the ask instead of the bid. It later dropped to 4.99.

My third buy @ 4.99 which was a keep level of support. Entered @ 5.02 thinking that I got all of my shares (10 shares) exceuted. I aimed for a move to 5.30 with my risk at 5.00. Instead, it was 7 shares that were executed. I got frustrated so I decided to get out. It was breakeven. The stock bounce to 5.27-5.30 afterward. IT was frustrating trading Premarket.

Overall loss is 1.20. Still, What I did right was cutting my losses quickly. What I did wrong was too many impatient trades. I should wait for a bounce off of key levels before I enter for a dip buy. Furthermore, I overtrades. It should be 1 trade a day as I practice. Another mistake was pre-market trading because it is choppy during pre-market. Should've wait for the market to open because GNUS went to above $6 to 6.71 after dropping to 4.88.


Execution detail:

Date/time Symbol Side Price Position
2020-06-10 06:54:46 GNUS buy $5.470 long
2020-06-10 06:56:46 GNUS sell $5.420 0
2020-06-10 07:05:50 GNUS buy $5.220 long
2020-06-10 07:06:30 GNUS sell $5.150 0
2020-06-10 07:10:31 GNUS buy $5.020 long
2020-06-10 07:11:44 GNUS sell $5.020 0


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