AABB Trade on Feb 23, 2021 09:35 from yoosh: Tradervue User Stock Trades.

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yoosh

 

OUCH, playing this terribly and I kind of made similar mistakes to the ones I made on $TSNP last week.

There seems to be a pattern with panics. Either it will drop straight down, however if it stutter steps, it was make two stutters and the third one is the place to buy.

The first bounce I tried to buy was only 10% down. Again this is very similar to $TSNP. I could not exit the trade and lost 14% ($30) This hurt. :(

At this point I was super flustered and I knew that normally the third bounce is the one that sticks but I did not have the confidence because I had already lost $30 and felt like I was entered revenge terriotry and wanted to wait for the trade to confirm.

After the bounce there was a small pullback and I bought after the pullback reversed. I wanted to see immediate resolution, but instead the stock was going sideways. Since I was caught in the panic earlier on this stock I did not want to have that again so I cut again for a loss.

In hindsight the stock ended up going ALL the way back to $0.47 which would have been a 34% gain but instead I took a 1.7% loss. This hurts and I have done this before a couple of times. This is fine because I was playing safe and did not want to loss another $30 dollars.

The screen time will build my confidence.

Overall paid $9 in commisions so actually down $40 on this ticker


Execution detail:

Date/time Symbol Side Price Position
2021-02-23 09:35:35 AABB buy $0.4200 long
2021-02-23 09:40:20 AABB sell $0.3602 0
2021-02-23 09:52:30 AABB buy $0.3500 long
2021-02-23 09:56:38 AABB sell $0.3450 0


Comments

2021-02-24 11:12:17
 

Nice, I also got in this trade with a major panic. Rebought the bounce and made back like 10-20% from higher low to 0.41. It later went higher and made a 5-10% on the rebuy. OTC sell off are just crazy but good bounces

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