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I had may trades with this stock, but I will add only the most recent ones.
I bought originally at 11.38 217 shares and then 783 shares at 4.83 to double down for a tota of 1000 shares.
Then Bought 5000 shares more recently at 0.79 to double down on my current loss of 1000 shares as mentioned above.
I sold both positions mentioned above recently. It was lucky in a way and sold the shares at around 6.43 after the shares price went all the way to 12$. Again I got greedy and should have sold at 10, 11 or 12$ to take my profit of 60k. I did not because I got greedy as I said, but because I truly believe this stock as great potential and will be amazing in 2-3 years.
As I was still in the middle of setting my trading strategies and learn more on how to properly trade when I mistakenly bought too early. At around 5.6$ 5000 shares. Now the shares price is around 2.4 (Jul 8th, 2020). Again, FOMO and should have waited.
Fortunately I traded the stock in and out with few thousands shares and was able to make a profit $2'800 in total so I did reduce my current loss of $16'500 (July 8th, 2020). I plan to keep this shares till minimun next year because this company will be flying. The only question if I need to buy more now to make sure I do not loose opportunity to buy cheap (but could me just FOMO) or keep trading on margin to make my 2-3 k weekly.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2016-08-12 00:00:00 | GNUS | 217 | $11.380 | 217 |
2017-01-30 00:00:00 | GNUS | 783 | $4.830 | 1000 |
2017-12-12 00:00:00 | GNUS | 650 | $2.630 | 1650 |
2018-04-09 00:00:00 | GNUS | -650 | $2.850 | 1000 |
2020-05-06 00:00:00 | GNUS | -217 | $6.430 | 783 |
2020-05-07 00:00:00 | GNUS | 5000 | $0.7891 | 5783 |
2020-06-05 00:00:00 | GNUS | -5000 | $6.430 | 783 |
2020-06-05 00:00:00 | GNUS | -783 | $6.430 | 0 |
2020-06-11 00:00:00 | GNUS | 2000 | $3.440 | 2000 |
2020-06-12 00:00:00 | GNUS | -2000 | $4.040 | 0 |
2020-06-12 00:00:00 | GNUS | 3000 | $4.070 | 3000 |
2020-06-15 00:00:00 | GNUS | -3000 | $4.700 | 0 |
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