Shared by
yoosh
Breakout price: 1.60
Risk level: $1.40
Goal: $2.00
This stock broke out at 9:43am, and I know we talk about waiting for the break after 9:45am or later. If I had done that I would not have taken this trade and would have been safe. Actually that is not trus, I would have bought the dip down once it hit $1.60 and then would have still taken this loss.
I am annoyed that this did not go further. I did have a 9% gain at one point. I need to learn to take single and not look for home runs. I know we look for a 3:1RR but for a stock that is already up a lot on a day will probably not go up even further.
Singles add up.
I started to revenge trade this as I took another 3 entries to make up losses and ended up loosing heaps more. Revenge trading might work, bu tmost of the time you will lose! Remember that.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-06 09:42:26 | AIKI | buy | $1.610 | long |
| 2021-01-06 09:45:15 | AIKI | sell | $1.560 | 0 |
| 2021-01-06 09:50:06 | AIKI | buy | $1.600 | long |
| 2021-01-06 09:51:06 | AIKI | buy | $1.430 | long |
| 2021-01-06 09:51:56 | AIKI | sell | $1.440 | long |
| 2021-01-06 09:52:18 | AIKI | sell | $1.401 | 0 |
| 2021-01-06 09:58:11 | AIKI | buy | $1.470 | long |
| 2021-01-06 10:05:06 | AIKI | sell | $1.380 | 0 |
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