Shared by
yoosh
I didn't really sleep after trading in the morning so because my P/L was -$150 ish.
I saw this running and it had done the break of HOD around 1pm, and I was buying the breakout of the current HOD at $4.45.
It cracked straight after and I cut my losses. Still a big loss though. going in with 100 shares is bad. I need to fix my hot keys.
If this worked it would have been good, but it did not.
Scaling could have help here. I just don't want to pay commissions.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-08 14:38:34 | JAGX | buy | $4.450 | long |
| 2021-01-08 14:45:24 | JAGX | sell | $4.160 | 0 |
Comments
beno
Your risk was way to wide for this BO attempt, instead, try to get in on a tight consolidation in anticipation of the new high. If buying the top, your risk would be mid range of the consolidation, so risk should have been 4.25 ish.
manowar41
whitepanther
If commissions are an issue for you, TradeStation is a zero fee commission (except when locating shares to short) broker that I use and would recommend if that something you are interested in. Cheers
yoosh
@cwlyles I live in Australia so the commissions for internationals customers is $5 per trade.
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Gap trading has always been difficult for me, so far. Sorry this happened to you. I try to catch a gap before it happens After a gap, I will wait until the stock comes back to its 25 moving average, then evaluate.