RGBP Trade on Aug 30, 2021 10:20 from xmadmike: Tradervue User Stock Trades.

OTC Panic dip buy attempt. Jumped in too soon at the first sign of reversal (volume perk). At the time, I didn't have enough data to know if the panic was going to be choppy or clean, but initially looked clear.

Ideally, the bounce was going to be at .04-.05, but I thought I knew better. Didn't wait for the 60% retracement my friend discussed with me and did not wait for any trend change (break over 9 SMA). Executions were really bad, so the loss was %30 more than I had planned.

I retried when it bottomed out at .045 which was the range indicated by fib retracements, but waited for the trend break over 9 EMA. Sold the second attempt for a small loss when it broke below my break even price. I didn't want to let it go back down to LOD because in such a case, the strategy is broken.

I was expected a test closer to VWAP, but I was too greedy. I also had plans for the rest of the day so I couldn't stay by waiting for a potential retest midday. Broker doesnt support stop orders on OTC, neither would they've work with the bad executions on this one.

A look later in the day, the stock did get closer to VWAP, but again, it did not fit my timeframe for trading availability.