This was a another trade where I was trying to buy the support level that had been created for the last few days. This was dangerous because if it cracks you can bet everyone is trying to get out at this point. I was smart and cut it because as soon as I did the bottom fell out.
This trade only cost me my comissions.
Learnings - keep alerts on setups like this because this can lead to a panic and good dip buy. This crack led the stock to drop to $1 and and bounce to $1.20. This is a 20% gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-16 10:11:17 | TSNP | buy | $1.269 | long |
2021-02-16 10:22:07 | TSNP | sell | $1.270 | 0 |
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