Shared by
Jet_Capital
Volume on this stock was very low and I was in the trade too deep with the number of shares that I had. I was afraid that if I woke up one morning that the stock would have reversed on me and I would have been in the hole. Even though this trade was in August and I am writing about this stock at the beginning of October the stock is now at the $4 mark.
What have I learned from this stock? Once I saw a huge spike in the price action later on I knew that people were testing this stock out. One day I woke up and this stock hit a high that was in its range and went back down. After giving it some time it is currently in the $4 area.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-08-26 10:18:50 | WTI | buy | $3.150 | long |
| 2021-08-26 14:26:26 | WTI | buy | $3.110 | long |
| 2021-08-26 15:08:49 | WTI | buy | $3.070 | long |
| 2021-08-27 10:16:14 | WTI | sell | $3.160 | 0 |
| 2021-08-27 10:53:59 | WTI | buy | $3.267 | long |
| 2021-08-30 10:24:37 | WTI | buy | $3.230 | long |
| 2021-08-31 10:29:40 | WTI | buy | $3.230 | long |
| 2021-08-31 10:36:13 | WTI | buy | $3.230 | long |
| 2021-08-31 10:36:13 | WTI | buy | $3.230 | long |
| 2021-08-31 10:36:13 | WTI | buy | $3.230 | long |
| 2021-08-31 10:36:13 | WTI | buy | $3.230 | long |
| 2021-09-02 14:31:55 | WTI | buy | $3.310 | long |
| 2021-09-03 10:51:01 | WTI | sell | $3.270 | 0 |
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