Shared by
cruzin
This was the second leading gapper this morning at the bell. Again I waited for the initial sell-off at the bell before picking my entry.
The first trade I panicked and sold on a dip, but my read was correct because it ripped a minute later to my planned exit and I missed out. It definitely had some momentum by this point so I vowed to not panic sell on a dip and it paid off. I didn't get too greedy, but I do think I sold off too quickly when it hesitated going up.
Most of my next trades were winners, and I walked away with my fifth green day in a row!
Note to self: try buying larger share size and selling off bits to table profits and potentially add on an upward trend instead of all in/out. I'm missing out on profits by going all in/out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-17 09:47:00 | LMFA | buy | $2.865 | long |
| 2020-06-17 09:47:00 | LMFA | sell | $2.735 | 0 |
| 2020-06-17 09:52:00 | LMFA | buy | $3.040 | long |
| 2020-06-17 09:53:00 | LMFA | sell | $3.275 | 0 |
| 2020-06-17 09:56:00 | LMFA | buy | $3.880 | long |
| 2020-06-17 09:56:00 | LMFA | buy | $3.880 | long |
| 2020-06-17 09:57:00 | LMFA | sell | $3.877 | 0 |
| 2020-06-17 10:00:00 | LMFA | buy | $3.598 | long |
| 2020-06-17 10:00:00 | LMFA | sell | $3.700 | long |
| 2020-06-17 10:00:00 | LMFA | sell | $3.718 | 0 |
| 2020-06-17 10:03:00 | LMFA | buy | $4.210 | long |
| 2020-06-17 10:03:00 | LMFA | sell | $4.400 | 0 |
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