CYDY Trade on Mar 31, 2021 09:32 from yoosh: Tradervue User Stock Trades.

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yoosh

 

oh man this trade hurt! I was risking $10 but because of slippage could only get out for a $20 dollar loss.

This stocks is in the dumps at the moment, but it had a strong first green day yesterday so I was looking for continuation. After the open, I was looking to buy the open reclaim which normally gives good R:R. Unfortunately I bought a bit earlier to get a better average, however we never broke through the open price.

After that I just held and was hoping (WHICH IS NOT A STRATEGY!!!). I should have cut my losses. The stocks was then forming a bearish triangle pattern but I was stubborb and wanted to wait for my risk level to break.

Once my level broke, there was panic and I could not get out. I manage to get a most of my position out right at the bottom. Literally it then bounced to my risk level. Urgh


Execution detail:

Date/time Symbol Side Price Position
2021-03-31 09:32:16 CYDY buy $2.950 long
2021-03-31 10:00:51 CYDY sell $2.780 long
2021-03-31 10:01:33 CYDY sell $2.711 0


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