A new type of pattern I played here. I was bumped out of my breakeven trade on MTSL of not taking profits into strength. I tried to just swallow my ego and just admit that I traded wrong because of my greed. No one detained me from selling into strength. Just greediness 100%. MIC chat alerted me of WAFU on possible zombie hr move. Of course I did not just follow like a pig, but once I saw the chart and saw bottoming action along with a higher lower, I had conviction and got in. The volatility was scary, but I remember that the most volatile stocks is where the huge upside is. Of course you may get kick in the face a few times before learning to time them better, but I gave myself a shot here. I was down, but never reach that 8.50 risk lvl, hence, why I used 1/4 size because of the potential pullbacks.
1.19/share....just incredible I got a meat of the move. I had an intuition it was going to spike further. I honestly would have held, but after giving away my profits on MTSL, turning a green trade to a breakeven trade, I decided to just take safe profits. Never hurts to take what the markets gives you.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-11 10:16:47 | WAFU | buy | $8.870 | long |
2020-06-11 10:18:41 | WAFU | sell | $10.060 | 0 |
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Clean AF