Setup:
- S&P:-015% - DOW: -0.15% - QQQ: -0.04%
- Stock was trending below VWAP
- Stock was up +- 18%
- Next higher high and higher low after declining
Impulse trading -> very scary
Execution:
- Bought 2500 shares @ $2.984
- Stock went down to 2.60
- Bought 100 shares @ $2.63 to lower my avg price and force stock go up
- Bought 300 shares @ $2.66 to lower more my avg price and force stock go up
- Bought 100 shares @ $2.62 to lower more my avg price and force stock go up
Rewarks:
- Stock was going down and my P&L sometimes showed -$900
- Saw large buys (1500 - 2500 shares) @ +-$2.60 that seemed to be a support level and people where accumulating in prevision of a breakout
- I'm happy this trade was a win because it was so scary to see my P&L go down to $900
Improvements:
- Should have waited longer before buying to see the real support
- Should have waited longer before selling. My target price was $3.14 and the price reached that level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-22 09:41:10 | KBSF | buy | $2.984 | long |
2020-10-22 10:19:13 | KBSF | buy | $2.660 | long |
2020-10-22 10:22:51 | KBSF | buy | $2.630 | long |
2020-10-22 10:23:26 | KBSF | buy | $2.620 | long |
2020-10-22 10:55:33 | KBSF | sell | $3.040 | 0 |
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