Arghhhh. I had the right thesis and everything on this trade. I always cut my losses right at the bottom, for the stock to pretty much always go back up.
This stock was consolidating between a channel all pre-market and I Identified it as a potential Dip and rip.
At the open it dipped alright and I saw it bottom once. I bought risking the low because I saw it might be going up. It struggled and came back down towards the lows. I think I cut tooo quickly. It did not actually break the lows, but just touched it. If I had left it I would have made atleast 30 cents a share and possibly more.
Live and learn.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-23 09:46:17 | CTIB | buy | $3.740 | long |
2021-02-23 09:51:11 | CTIB | sell | $3.460 | 0 |
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