Bought the dip here. Ideally, my account is bigger and I set GTC orders to buy lots of shares at 19 and sell lots of shares at 21
12/10 Exit: Great trade, over 10% in 7 days. Bought at support and sold on the breakout over resistance. Issue here was position sizing, I didn't buy many shares at all so I made no money despite my thesis working out.
I didn't have faith in F moving up by a large amount. In the future, I should come up with position sizing rules.
Just because I have a small account doesn't mean I should avoid following a system. Once this account is at $50,000 I don't want to just be randomly deciding position sizing by conviction. I need to have better rules to manage my money like a professional.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-12-03 15:47:02 | F | buy | $19.046 | long |
2021-12-10 15:52:53 | F | sell | $21.460 | 0 |
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