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Got back in at 7.32 starter size 500 shares, I was emotional / not convince about this trade idea so I micro manage the trade on the squeeze above 7.5, took a loss there. That was extremely stupide, beginner's mistake. I got back in at 7.28 500 shares, added a bunch of size at 7 on the tight consolidation wide stop above 7.5 and got stopped out. that was it for the day, my confidence was fucked at that point. I spent the afternoon reviewing / finding where my losses are coming from lately. Random catalyst day 1 are tough for me in this market environment and I'm not profitable on them, therefore I will avoid them going forward. Will just not look at those chart/ keep em off my premarket watchlist.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-03-02 12:05:20 | NNVC | -100 | $7.320 | -100 |
2021-03-02 12:05:21 | NNVC | -100 | $7.320 | -200 |
2021-03-02 12:05:21 | NNVC | -200 | $7.320 | -400 |
2021-03-02 12:05:21 | NNVC | -100 | $7.320 | -500 |
2021-03-02 12:15:11 | NNVC | 400 | $7.550 | -100 |
2021-03-02 12:15:11 | NNVC | 100 | $7.550 | 0 |
2021-03-02 12:16:42 | NNVC | -7 | $7.270 | -7 |
2021-03-02 12:16:42 | NNVC | -493 | $7.270 | -500 |
2021-03-02 12:28:26 | NNVC | -250 | $7.090 | -750 |
2021-03-02 12:35:03 | NNVC | -300 | $7.030 | -1050 |
2021-03-02 12:41:07 | NNVC | -50 | $7.140 | -1100 |
2021-03-02 12:42:07 | NNVC | -100 | $7.080 | -1200 |
2021-03-02 12:45:11 | NNVC | -100 | $7.030 | -1300 |
2021-03-02 12:45:11 | NNVC | -200 | $7.030 | -1500 |
2021-03-02 13:00:36 | NNVC | 635 | $7.600 | -865 |
2021-03-02 13:00:36 | NNVC | 2 | $7.600 | -863 |
2021-03-02 13:00:36 | NNVC | 40 | $7.600 | -823 |
2021-03-02 13:00:36 | NNVC | 25 | $7.600 | -798 |
2021-03-02 13:00:36 | NNVC | 100 | $7.600 | -698 |
2021-03-02 13:00:36 | NNVC | 100 | $7.600 | -598 |
2021-03-02 13:00:36 | NNVC | 86 | $7.600 | -512 |
2021-03-02 13:00:36 | NNVC | 500 | $7.600 | -12 |
2021-03-02 13:00:36 | NNVC | 12 | $7.600 | 0 |
regardless of what was the ''right stop'', is that a trade/ a setup where I can scale up to 200 k shares in the future and make massive pnl? I really doubt, really hard to scale up those low float trades... I should have avoided that POS. poor price action
I disagree with you on that. Your timing was wrong. These types of stock trade more than 100 million shares a day.
I traded it as well, but I made the same mistake. My risklevel was random.
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From my point of view, your risklevel were not valid. Logical point would have been 8.72.