Shared by
yoosh
Fucking pissed. I had the right idea. I saw a trend and bought near the bottom of consolidation. This is a super low float and was expected a surge. It tried twice and failed near vwap. The flush back down to my open price scared me and I sold because I was already red on the day and didn't want to loss more.
This goes to show that you should enter trades only if you have conviction and accept the risk. If I had accepted it, I would have made $2 a share.
When I look at the chart the previous clos was around the $8.30 mark and it bounced off that mark a little bit. I got scared that it was not breaking and during that flush I got scared. I did not have the previous close running on my chart so I should keep that in mind.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-14 13:25:33 | LEDS | buy | $7.800 | long |
| 2021-05-14 14:41:21 | LEDS | sell | $7.800 | 0 |
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If i had a nickel everytime this happened to me i would be a market maker by now. Next time we stick to the plan.