Shared by
FloridaTrader
Strategy:
Merger Play
Mistakes:
1. Was a bit greedy and didn't scale out at lower prices thus giving up some potential profits.
2. Didn't react fast enough when I saw stock sliding.
Thoughts:
1. Scale-out earlier.
2. Keep an eye on the chart!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-17 06:47:14 | BYFC | buy | $3.420 | long |
| 2021-03-17 07:08:39 | BYFC | buy | $3.300 | long |
| 2021-03-17 08:24:22 | BYFC | buy | $3.150 | long |
| 2021-03-17 17:08:04 | BYFC | sell | $3.640 | 0 |
| 2021-03-17 17:15:45 | BYFC | buy | $3.530 | long |
| 2021-03-17 17:16:15 | BYFC | buy | $3.550 | long |
| 2021-03-17 17:17:19 | BYFC | buy | $3.540 | long |
| 2021-03-17 17:23:53 | BYFC | sell | $3.630 | 0 |
| 2021-03-17 17:34:04 | BYFC | buy | $3.180 | long |
| 2021-03-17 17:35:03 | BYFC | sell | $2.980 | 0 |
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