I bought SPRT after the noon fade at $9.00, which seemed like a decent intra-day support level for this day. SPRT seemed to be setting up nicely for a possible short squeeze with a low float and being mentioned by popular Twitter pumpers.
My stop-loss was hit due to a massive selling starting around 15.00. I noticed the same happened in the SPY. I suspect algos were at work here.
I feel the only thing I could have done better, in hindsight, was to be more conservative and took profits earlier OR to tolerate more risk.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-20 14:34:40 | SPRT | buy | $9.050 | long |
2021-08-20 15:04:52 | SPRT | sell | $8.905 | 0 |
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