Shared by
yoosh
This was also another FOMO trade because I keep hearing RLT talking about how this is going higher, so I wanted to be part of it. When I looking at the daily though this clearly looks like a number 6 from the penny stock framework and I should have seen that. I missed the morning run and felt like it was a chase and ended up buying even higher which makes no sense. I need to recognise this and be okay with it. You will not catch everything. The red/green move on this was ideal around the $129 mark.
I dont have a plan on this and I am just hoping. I am not sure if I shoudl just cut my losses.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-11-30 10:26:51 | RBLX | buy | $136.480 | long |
| 2021-12-01 12:54:51 | RBLX | sell | $119.750 | 0 |
Comments
yoosh
Yeah stop losses are important. I was trading this from an Australian platform (I live here) which does not have stop losses as an order type (I literally stopped using them for my swings and moved to IB so I can put in stops).
Even though this might go higher, holding and hoping is not my strategy and I don't like having my capital tied up when I can just renter when the time is right.
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
In my opinion will be a stock in favor for a larger amount of game users in the future and would hold longterm until it goes up where you are closer to positive or green. I also would alway have an actual stop loss set (literally typed in) and not a mental stop loss as this is like like not wearing a life jacket on a speed boat. This is just my humble opinion. Hope this helpful.