Shared by
Jet_Capital
Caught the momentum and as soon as I did this thing dropped and it was out of my hands. There was nothing I could have done about it and I am happy that I cut losses quickly. Could have been a 4k loss.
One thing I did bad about this trade is that I didn't test it out and what I did was completely go into the trade with 1k shares which was a nobe move.
Like I said early my bread and butter is short selling.
Going to test out these momentum trades with 100 shares next time and get in it with better entry and get back to learning to cut losses even quickly.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-10-26 10:03:57 | OCGN | buy | $12.460 | long |
| 2021-10-26 10:08:17 | OCGN | sell | $12.252 | 0 |
| 2021-10-26 10:18:26 | OCGN | buy | $12.840 | long |
| 2021-10-26 10:18:26 | OCGN | buy | $12.850 | long |
| 2021-10-26 10:18:26 | OCGN | buy | $12.850 | long |
| 2021-10-26 10:18:26 | OCGN | buy | $12.850 | long |
| 2021-10-26 10:18:26 | OCGN | buy | $12.850 | long |
| 2021-10-26 10:18:47 | OCGN | sell | $13.040 | 0 |
| 2021-10-26 10:19:02 | OCGN | buy | $13.219 | long |
| 2021-10-26 10:20:15 | OCGN | sell | $12.960 | 0 |
| 2021-10-26 10:39:23 | OCGN | buy | $13.200 | long |
| 2021-10-26 10:39:23 | OCGN | buy | $13.200 | long |
| 2021-10-26 10:39:23 | OCGN | buy | $13.200 | long |
| 2021-10-26 10:39:23 | OCGN | buy | $13.200 | long |
| 2021-10-26 10:39:23 | OCGN | buy | $13.200 | long |
| 2021-10-26 10:39:23 | OCGN | buy | $13.200 | long |
| 2021-10-26 10:39:23 | OCGN | buy | $13.200 | long |
| 2021-10-26 10:39:23 | OCGN | buy | $13.200 | long |
| 2021-10-26 10:47:57 | OCGN | sell | $11.580 | long |
| 2021-10-26 10:47:57 | OCGN | sell | $11.580 | 0 |
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