Shared by
yoosh
This was a good trade overall until my last two trades.
I for some reason scaled up my share size by a factor of 10. I started with 50-100 shares, and then near the end, I got greedy and wanted make MORE MONEY. This is why I lost so much on this trade. When I had my 500 shares, I tried to sell all my shares, but only get 100 executed and didnt realise I still had 400 shares outstanding. When I realised I was unrealised $-120 so I quickly sold all my shares. As soon as I sold the stock reversed.
Learnings: Do not buy soo many shares!! My exposure was 500 * 9.15 = $4500. I should avoid using margin.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-08 09:34:44 | ALPP | buy | $8.259 | long |
| 2021-02-08 09:39:32 | ALPP | sell | $8.845 | 0 |
| 2021-02-08 09:54:01 | ALPP | buy | $9.049 | long |
| 2021-02-08 09:56:17 | ALPP | sell | $9.050 | long |
| 2021-02-08 09:57:30 | ALPP | sell | $8.807 | 0 |
| 2021-02-08 10:01:23 | ALPP | buy | $8.859 | long |
| 2021-02-08 10:03:40 | ALPP | sell | $9.140 | long |
| 2021-02-08 10:04:47 | ALPP | sell | $8.820 | 0 |
| 2021-02-08 10:08:36 | ALPP | buy | $9.239 | long |
| 2021-02-08 10:10:39 | ALPP | sell | $9.254 | long |
| 2021-02-08 10:18:29 | ALPP | sell | $9.085 | 0 |
| 2021-02-08 10:20:03 | ALPP | buy | $9.150 | long |
| 2021-02-08 10:22:09 | ALPP | sell | $9.000 | long |
| 2021-02-08 10:24:23 | ALPP | sell | $8.851 | 0 |
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