Shared by
xmadmike
Bought this afterhours with the idea that 30.30 premarket would become the bottom of the stock as it was tested multiple times before and crude oil bounce off $100 nicely. Well it turned out 28 was the actual bottom. I got stopped our at the lows. The stock spiked 50% over the next 2 days.
Lesson: Set a wide stop when playing first green day reversals.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-03-09 15:58:00 | INDO | buy | $34.010 | long |
| 2022-03-09 15:58:00 | INDO | buy | $34.010 | long |
| 2022-03-09 17:03:00 | INDO | sell | $30.400 | 0 |
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