Entered the trade at 64.14x100 (blue). I exited at 66.26$/share for a profit a 212$(red).
1. The potential was UPWARD. NKLA has momentum and volatility since it's recent spike.
2. I had confirmation with the 2nd 1-min candlestick. I bought in at 64.14 with 100 shares.
3. The stock was OVERBOUGHT (over 70).
4. The stock was trading above the 180-SMA line.
5. The stock was tipped to me by one of ZipTraderU traders.
6. I exited the trade because I do not trust the stock's short-term uptrend.
BAD MOVES
1. Stopped watching the trade. This could have been a disaster (yellow line). I would have sold at the first validation. Fortunately, I was able to sell at the second.
PAPER TRADING
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-15 15:44:03 | NKLA | buy | $64.140 | long |
2020-06-15 15:44:19 | NKLA | sell | $66.260 | 0 |
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