Shared by
rectanglealchemists
This is when I started losing my mind. The short on AMC, in my mind, was taking too long.
I started to believe that we might be a rally because the movements of GME and AMC were diverging. AMC started too look more bullish than GME.
Either way, I started putting my stop waaaay too close. There was no momentum protecting my stop from getting hit. Thus I should have put my stop outside of the range.
POOF, autostopped!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-03-25 10:48:02 | AMC | buy | $21.288 | long |
| 2022-03-25 10:48:02 | AMC | buy | $21.290 | long |
| 2022-03-25 10:48:02 | AMC | buy | $21.290 | long |
| 2022-03-25 10:48:02 | AMC | buy | $21.290 | long |
| 2022-03-25 10:48:02 | AMC | buy | $21.290 | long |
| 2022-03-25 10:48:04 | AMC | buy | $21.325 | long |
| 2022-03-25 10:48:04 | AMC | buy | $21.330 | long |
| 2022-03-25 10:48:04 | AMC | buy | $21.325 | long |
| 2022-03-25 10:48:04 | AMC | buy | $21.330 | long |
| 2022-03-25 10:48:04 | AMC | buy | $21.330 | long |
| 2022-03-25 10:48:13 | AMC | sell | $21.262 | long |
| 2022-03-25 10:48:13 | AMC | sell | $21.262 | 0 |
Comments
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its really difficult to trade a ranging market... especially that u expected a breakout.. which was correct, but in a ranging market like its just too difficult to anticipate those trade. i just focus on a uptrend day or down trend day.