$6:15am - $FTFT - this has continued running from yesterday. It is up from $2.30 yesterday and it just hit $8 in pre market this morning. That is a crazy run! I am not really sure what day two will hold. Pre market high is $8. I really want to try to play my new strategy, but we will see if this holds the $8 level or if it drops off. 8:30am new HOD at 9:15.
This stock was going crazy pre-market. I know I shouldn't trade pre-market, but this broke my $8 level and ripped all the way to $12 eventually.
At the open I waited, and then after all the pullbacks I tried to buy the break of $10 but then was stopped out $0.7 later. 70c is too much to lose on 100 share!
The reason I bought at 10 was because there was about 4 mins of consolidation, and the stock was trending up wards after the large crack. In the past few days I have seen many stocks do this similar kind of move and wanted to be part of it.
My second trade was a revenge trade, but yet again, managed to buy at the top and sell on a dip. If I was short, I would be making a bunch of cash!
It is all about psychology. I am scared to buy on dips because what if it crashes, but then buying at the top means you have missed a lot of the move.
Again I had no plan or strategy because this stocks ripped so high pre market.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-08 10:02:47 | FTFT | buy | $10.000 | long |
2021-01-08 10:03:23 | FTFT | sell | $9.320 | 0 |
2021-01-08 10:06:00 | FTFT | buy | $9.440 | long |
2021-01-08 10:06:53 | FTFT | sell | $9.120 | 0 |
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