-Float = 9M
-Oct 23 2020: Earnings: 39% incr in revs
-SPY pattern: Bowl
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy: Gap & Crap
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): Hold above 2.7
Although it was best trade today I failed to manage trade well, my morning loss on SCKT hot chick really affect my trade management for the remainder of the day. My state of mind was defensive and I want to make back losses quickly, which is why I turned into a scalpers mindset, but these backside setups require patience and holding through draw downs before good R/R payout occurs. +3R on this one.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-23 09:46:02 | ZDGE | sell | $2.740 | short |
2020-10-23 09:49:13 | ZDGE | buy | $2.525 | short |
2020-10-23 10:24:15 | ZDGE | buy | $2.620 | 0 |
2020-10-23 10:40:55 | ZDGE | sell | $2.540 | short |
2020-10-23 10:41:07 | ZDGE | sell | $2.530 | short |
2020-10-23 10:45:28 | ZDGE | buy | $2.465 | short |
2020-10-23 10:45:45 | ZDGE | buy | $2.470 | short |
2020-10-23 10:46:02 | ZDGE | buy | $2.460 | short |
2020-10-23 10:49:36 | ZDGE | buy | $2.350 | 0 |
2020-10-23 12:03:52 | ZDGE | sell | $2.300 | short |
2020-10-23 12:04:16 | ZDGE | sell | $2.280 | short |
2020-10-23 13:31:23 | ZDGE | buy | $2.310 | 0 |
I'm more focus on my trade management, for this particular trade I did not manage it where its effectiveness would pay off in the long run. I cut where I should have added. If I were you I would focus on trading well rather then the P&L
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Nice, So what was your over all profits for this stock? I got $90 profit. Just a small scalp I did for a 2 min. hold.