I was trying to buy the bounce. My thesis was that this would continue running today as it was near 52 week highs. However there was a panic(ish) and I tried to capitalise.
I saw the level 2 turning and I really should have exited with my 1% gain, but I was stubborn.
When I started trading OTC I was very good at reading level 2, however now I look at my percentage win/loss instead which is bad. I need to kep looking at both.
My risk level was $2.66, however the stock just paniced through it and I was not able to exit. We did eventually make it back to where I wanted to exit, but holding for that long is not smart.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-07 09:37:23 | NLST | buy | $2.718 | long |
2021-04-07 09:46:21 | NLST | sell | $2.520 | 0 |
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