I am very happy with this trade. Even though it was only $12 my percentage gain was about 10% which is good!
I did sell for a loss on the first trade because I did not like the consolidation, but in hindsight the consolidation did not break the previous lows so it was still bullish. This is something to remember for the next trade. I did not want to be red on the trade that is why I sold for like $1 profit but then paid $3 in commsions.
My entry at $0.43 was perfect. I saw volume come in, and jumped in for the ride. I sold small pieces along the way. My goal was to sell near the $0.49 because that was were previous resistance was, however I was up 10% and just took my profits and left. Looking back, my plan was solid and I could have made another 2 cents, but with this amount of shares that does not really matter that much.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-18 09:50:07 | AABB | buy | $0.4192 | long |
2021-03-18 10:15:57 | AABB | buy | $0.4330 | long |
2021-03-18 10:28:25 | AABB | sell | $0.4280 | 0 |
2021-03-18 10:35:16 | AABB | buy | $0.4300 | long |
2021-03-18 11:37:01 | AABB | sell | $0.4600 | long |
2021-03-18 11:40:29 | AABB | sell | $0.4680 | long |
2021-03-18 11:41:13 | AABB | sell | $0.4680 | long |
2021-03-18 11:53:05 | AABB | sell | $0.4729 | 0 |
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