In premarket I sold wayyyy to soon. This ended up running like $2 and I only took $0.4 cents. I have a feeling that if I was to buy more shares I wouldnt mind scaling out but commisions really play a big part so I have to buy and sell once.
I had a good buy at the open at $8.74 for that first initial spike. I think this is the reason I sell quickly because you never know when it is going to turn around. I think a good thing to do is to let it run while you can until you see weakness. For exmaple with this stock at the open there was 3 minutes of consolidation, so I should look at selling at that point.
I had some more stupid trades later on. The last one was one dip to early. Normally things flow in waves of three, but I bought to early and the trend line break actually was much later. if you draw a trend line from $9.8 you can see that it crosses around $8.30 and this would have been a good entry or even around $8.40 after it made a higher low.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-07-06 09:09:09 | OSAT | buy | $7.600 | long |
2021-07-06 09:09:26 | OSAT | sell | $7.890 | 0 |
2021-07-06 09:33:04 | OSAT | buy | $8.740 | long |
2021-07-06 09:36:08 | OSAT | sell | $8.980 | 0 |
2021-07-06 10:02:57 | OSAT | buy | $9.560 | long |
2021-07-06 10:14:09 | OSAT | sell | $9.300 | 0 |
2021-07-06 10:25:01 | OSAT | buy | $8.978 | long |
2021-07-06 10:28:13 | OSAT | sell | $8.750 | 0 |
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