Shared by
rrodriguez
Tags:
largest gain of my career (started in january). bought premarket, but it moved so fast on me during that opening halt. i didnt sell the top, came back down, i hoped it would bounce back, i just sold to keep at least 600 bucks, i was up nearly 7000 usd at the peak. felt emotions of hope i didnt feel in any previous trades. next time ill have to manage better the trade. still green, and live to trade another day.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-10-22 07:02:46 | DWAC | 70 | $73.250 | 70 |
| 2021-10-22 11:20:49 | DWAC | -70 | $81.776 | 0 |
Comments
TheFrenchTrader
Good trade, how come you haven't booked any profit on the way up? The stock did hit about 118 in pre market just before the open.
You had a fantastic entry at $73, so taking profit on the way to $118 for at least half of your position would have been amazing.
rrodriguez
Hey CyrilP, ill be honest. I was hoping to sell at the top. But i froze up, got emotional and when it started goinf back down i kept hoping it would pop back up.... i even had my R levels poltted from 1R to 20R. Its the second time it has happened to me where i give back to the market the bulk of my profits trying to get that grand slam home run. It was a 4 hr trade. Last night i decided to add into my trading plan that from now on, i will sell 10% of my position at every reward level from 2R to 10R, 25% of position from 10R to 20R, and the balance when i feel the move is dead.
Thanks for your answer, i understand, i have been there too. Now i tend to book my profit quicker with 50% at my risk level, even if i don't score a home run i found it helps me to stay on the green side.
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Great trade. Nice work. Exciting move. I traded yesterday form $18.25 to $67.55. Awesome momentum. My best trade of the year so far.