Remember: Exit completely when it breaks the support level. Keep the losses small as having them big is completely unnecessary.
If the stock is clearly showing selling after a fake-out, get out before it breaks the support and reaches the SL to minimize the loss.
Scale-out if seeing weaknesses in the stock e.g. higher selling volume than buying volume. The commissions on the scale-outs are less than the losses that I could take with a bigger size.
Don't enter in this case until clear signs of strong fresh bullish buying.
Personality:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-22 10:11:04 | SPRT | buy | $8.370 | long |
2021-03-22 10:17:18 | SPRT | buy | $8.330 | long |
2021-03-22 10:21:51 | SPRT | sell | $7.830 | 0 |
2021-03-22 10:49:32 | SPRT | buy | $7.310 | long |
2021-03-22 10:53:40 | SPRT | sell | $7.070 | 0 |
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