This was a pretty bad trade when I look at it. It gapped up pre market, so I guess I was trying to play a premarket breakout?? Not to sure to be honest. The stock was just moving sideways so it was a bad stock to trade. I guess the newbie in me jsut wants to trade someething because my brokerage account is open.
Looks like I took $0.10 in profits for 100 ($10 does not seem like much) but then lost $0.44 for 66 shares. Atleast this was not a huge loss either.
Learnings: Dont trade sideway stocks. If I following one of Ross's strategies which is the first green candle to break 1 min candle, I would have bought at under 8. This would be a good trade because it is under the whole dollar. Unfortunately that would have failed too. Maybe lvl2 would have helped.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-07 09:54:05 | KZIA | buy | $7.300 | long |
2020-08-07 10:06:52 | KZIA | sell | $7.430 | long |
2020-08-07 10:09:54 | KZIA | sell | $6.840 | 0 |
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