This was the second red day. I thought there would be a panic and I was right on that. The price went from $1.65 to about $1.35 which is a 18% drop. This is not huge or anything, but I tried to find the bottom.
My first entry was at $1.36 and there was a small bounce, but it was a fake one. I cut my loss on this losing 3 cents which is $-30 + 10 commisions = -$40.
A bit later there was a second bounce and I got in around the same price that I sold at. On the level two I saw resistance at $1.40 and knew this would not give me a good bounce back up so I took my profits for a 5% gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-10 09:37:47 | TSNP | buy | $1.360 | long |
2021-02-10 09:40:31 | TSNP | sell | $1.331 | 0 |
2021-02-10 09:42:13 | TSNP | buy | $1.340 | long |
2021-02-10 09:48:13 | TSNP | sell | $1.410 | 0 |
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