Shared by
yoosh
I have actually lost money on this trade because of commissions.
I had an alright entry on this during the first pullback on a stock that shot up out of the gate and I was risking the opening price (break of $0.54). Usually I panic and sell straight away if it is going lower, but I had conviction and held (it was fucking scary though). The stock then turned. I started to take profits along the way.
In hindsight I had a 3:1 trade but I always get greedy on OTCS. I should have sold all my position at the top and then walked away. All the trades after that was speculitive and wanting it to go further.
This stock was on the 4th green day or something like that, so in reality I should have known that this had less likely to keep going up.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-22 09:32:45 | AABB | buy | $0.5573 | long |
| 2021-03-22 09:39:56 | AABB | sell | $0.5700 | long |
| 2021-03-22 09:42:56 | AABB | sell | $0.5984 | long |
| 2021-03-22 09:47:28 | AABB | buy | $0.5740 | long |
| 2021-03-22 09:57:25 | AABB | sell | $0.5674 | 0 |
| 2021-03-22 10:02:44 | AABB | buy | $0.5705 | long |
| 2021-03-22 10:43:51 | AABB | sell | $0.5680 | long |
| 2021-03-22 10:47:31 | AABB | sell | $0.5599 | 0 |
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