I had this on watch because the previous day was a breakout to new highs, so I was expecting this to move. My eyes were focused on $SIRC though so I missed the morning entry.
Entry 1 - 2- 3: While the stock was consolidating at the $6.20 level I took a starter and added as it went up to a 150 share position (Ave share price: $6.28 = $943 exposure. I did not have a risk level and I was just watching the level two. This was my first mistake because as soon as that first selling came, I freaked out and sold everything. This was on high volume so I thought it was the top.
Entry 4- This continued to grind up and I chased it a little because the time and sales was super bullish. I sold a quarter of my position at $7 because I knew that would be a psychological level and I wanted to take some profits. We hit $7.2 and I saw the Time and Sales turn red but at the moment I was to slow and could not exit my position. I was spamming my keys to sell on the bid but the price kept going lower and lower and I managed to bottom tick the panic. Lessons: Watch time and sales like a hawk.
Entry 5 - After the mini panic double bottomed I bought the breakout on smaller size and sold it in pieces on the way up and all of it once I saw resistance (double top at $7.4).
Entry 6 - There was another double bottom with higher lows made and I thought we may keep going past $7.40 so I took small share size again before the breakout for the anticipation, but we could not break through so I cut the loss for 5c a share.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-05 09:55:37 | ALPP | buy | $6.229 | long |
2021-02-05 10:03:01 | ALPP | buy | $6.267 | long |
2021-02-05 10:05:36 | ALPP | buy | $6.369 | long |
2021-02-05 10:09:24 | ALPP | sell | $6.360 | 0 |
2021-02-05 10:30:07 | ALPP | buy | $6.710 | long |
2021-02-05 10:35:55 | ALPP | sell | $6.990 | long |
2021-02-05 10:41:15 | ALPP | sell | $6.820 | 0 |
2021-02-05 10:51:20 | ALPP | buy | $7.075 | long |
2021-02-05 10:52:56 | ALPP | sell | $7.310 | long |
2021-02-05 10:56:42 | ALPP | sell | $7.400 | long |
2021-02-05 10:58:26 | ALPP | sell | $7.410 | 0 |
2021-02-05 11:13:25 | ALPP | buy | $7.349 | long |
2021-02-05 11:15:25 | ALPP | sell | $7.305 | 0 |
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