Entered, a bit of FOMO. Then had too much bias that it holds above VWAP and decided to add another 1/2 size. So now I was sitting on full size with 1.40 avg. Any rip above 1.50 I would have sold right away.
Something to note I actually wanted to get near $1 lvl at the open. Playing near the open is something I barely do, but the fact that it was hovering above that key $1 lvl was giving me conviction as well as the strong volume out the gate, 1M and 1.3M vol bar the first 2-min of mkt open.
My real entry was 1.25 after the VWAP reclaim, but my order did not execute which is what led to FOMO entry on this one. Have to learn, if my order does get executed, you can adjust by 1 or 2 cents, but don't chase it up another 10-15 cents up.
Got caught in the halt with 1.40 avg, had the feeling it'd short squeeze due to its low-float, but being full size and stuck in the halt....I told myself "I just want to be out"
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-18 09:45:58 | FAMI | buy | $1.420 | long |
2020-06-18 09:46:38 | FAMI | buy | $1.370 | long |
2020-06-18 09:55:06 | FAMI | sell | $1.260 | 0 |
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