TAKEAWAY - FOLLOW STOP LOSS RULE - ONLY LOSE ONE BAR + 0.05₵ SET & OBSERVE MAX LOSS PER TRADE & MAX LOSS PER DAY! TRADE = 42,34% LOSS, $3.51 AGAINST, TOTAL LOSS = $2762.37
NO DISCIPLINE TO HONOR STOP LOSS - HELD & HOPED INSTEAD - NOT PART OF MY PLAN!
Held Over Night - Huge Risk - Terrible Decision
Never short last 30 mins of session due to shorts covering, other than breaking news etc.
Attempted to cover @ $8.26 After hours for small gain, low liquidity. 213 shares filled @ $8.26. Should have raised price to between bid/ask or ask to get out during post mkt. hrs.
OPPOTYNITY COST WAS HUGE! Several stocks made big moves, SPRT, NURO, BBIG.
Focusing on a Green/Red reversal that never came caused me to miss out on big $$$$$$ today!
Had I covered and gone long early AM, could have made more than what I lost. Possibly Break Even had I gone long immediately after cover @ $11.80. GAMB closed @ $14.19.
Also: $8.30 was previous swing high on Aug. 11,2021 which became support once broken. Should have been noted before getting into trade to begin with and after entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-26 15:54:31 | GAMB | sell | $8.291 | short |
2021-08-26 16:25:50 | GAMB | buy | $8.260 | short |
2021-08-27 15:20:14 | GAMB | buy | $11.800 | 0 |
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