I overtrade this way too many times. My first buy @ 2.66 was a bounce on a panic sell. I sold @ 2.78 due to seeing weak action @ 2.80. I underestimated the stock since it was able to go to 3 which was my goal. I again rebought @ 3.03 on comfirmation of B/O BUT IT fail so I step out @ 2.985. I rebought @ 3.075 after it have come back up aiming for 3.20. @ 3.175, I took profits by selling 5 shares, holding the other 5 for a move up. I later bought another 5 shares @ 3.37 then sold 5 shares @3.43. The stock later move to 3.50. I should have sold all of my position here. Instead, I waited and it came back down to 3.30 @ my risk. I stepped out @ 3.235. Good thing too because it moved to 3.10 later on (stressful). Later, I saw it was holding support @ 3.25. I bought @ 3.315, aiming for a B/o @ 3.51. I only bought 5 shares, risking 3.25. It moved up, I sold 2 shares @ 3.85 to take my small profits. I then sold 1 share @ 3.46. B/O 3.50, I added 2 more shares thinking that it could go higher. I should have exit here when it fail to go higher. Waited and sold all of my shares once 3.40 broke. Need to not be patient with losses.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-22 08:31:35 | IDEX | buy | $2.660 | long |
2020-06-22 08:32:59 | IDEX | sell | $2.780 | 0 |
2020-06-22 08:38:27 | IDEX | buy | $3.030 | long |
2020-06-22 08:39:01 | IDEX | sell | $2.985 | 0 |
2020-06-22 08:54:57 | IDEX | buy | $3.075 | long |
2020-06-22 08:59:05 | IDEX | sell | $3.175 | long |
2020-06-22 09:04:21 | IDEX | buy | $3.370 | long |
2020-06-22 09:04:21 | IDEX | buy | $3.370 | long |
2020-06-22 09:04:52 | IDEX | sell | $3.430 | long |
2020-06-22 09:08:40 | IDEX | sell | $3.235 | 0 |
2020-06-22 09:57:11 | IDEX | buy | $3.315 | long |
2020-06-22 10:03:29 | IDEX | sell | $3.385 | long |
2020-06-22 10:07:04 | IDEX | sell | $3.460 | long |
2020-06-22 10:09:35 | IDEX | buy | $3.515 | long |
2020-06-22 10:10:41 | IDEX | sell | $3.370 | 0 |
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