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Shared by
yoosh

 

FTFT

Apr 1, 2021 09:40


Tags:

Dip and rip

This was moving pre market and it was trading in a nice tight consolidation range. At the open I bought a small amount near the support area as a starter and then the stock ripped up and passed my entry target of $8 really quickly.

After breaking through, it pulled back to $8 and bought the next set of shares because I thought we may go higher. Unfortunately it did not and cut my losses on this.

Ideally I should have bought nesr the bottom of the consolidation and sold at pre market highs. This play is much more predictable. There is always a chance that we get a huge move however small gains add up.


Execution detail:

Date/time Symbol Side Price Position
2021-04-01 09:40:56 FTFT buy $7.730 long
2021-04-01 09:45:19 FTFT buy $8.100 long
2021-04-01 09:52:16 FTFT sell $7.720 0


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