My thesis was right on this trade, but I bought to many shares.
This stocks broke out today and I failed to buy the breakout and was too slow and was too scared to buy too high. Looking at how breakouts had been working, I should have held this.
Instead of making a 27% gain I took at 8% loss.
Learnings: a breakout might come back to the breakout level and if it bounces that is a sign of strength and that should be when I buy. Or if I have already bought, I should hold to this level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-17 10:52:41 | IQST | buy | $1.149 | long |
2021-02-17 11:15:12 | IQST | sell | $1.050 | 0 |
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