Shared by
yoosh
There was news that came out on LKNCY and there was good volume pre market.
I waited for the open to see what kind of pattern it created and it made the ascending triangle.
I bought starter size before the breakout near the bottom of the consolidation and then bought the next at the breakout so I had an average of $8.55.
I sold half when I was up 5%. Sold the next quarter and pretty much top ticked it. This was just a coincidence. Sold the rest into the pop after the crack.
Really happy with this trade and I stuck to my plans. I also had my brother with me so I was able to talk him through my trades and it really helped me from selling too early.
he reminded me that the stock was making higher lows and that I should let it run to maximise profits.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-16 10:30:10 | LKNCY | buy | $8.510 | long |
| 2021-03-16 10:42:58 | LKNCY | buy | $8.620 | long |
| 2021-03-16 10:55:47 | LKNCY | sell | $8.980 | long |
| 2021-03-16 11:16:37 | LKNCY | sell | $9.440 | long |
| 2021-03-16 11:25:12 | LKNCY | sell | $9.190 | 0 |
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Nice trade. I messed it up totally...