After releasing their earnings in the after-hours of the 11th of August the price went up from $8.10 to $9.20 and closed at $8.92. During the pre-market trading hourse the price went all the way up to $10.2 and felt it was about to panick near the open.
I bought 100 shares at $9.00 as this price had shown some bouncing opportunities in the pre-market. The stock stared to further decline and my stop-loss at $8.84 was hit.
I should have waited for a clear reversel pattern, such as the double bottom that happened in the same morning.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-12 09:58:02 | CLOV | buy | $9.000 | long |
2021-08-12 10:08:49 | CLOV | sell | $8.840 | 0 |
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