KBSF Trade on Oct 22, 2020 09:41 from steiff: Tradervue User Stock Trades.

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steiff

 

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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