After my loss of $50 on GOVX, I was able to manage my emotions and stay focused.
I wanted to leave the day with minimal loss or profit, so my target was stocks within $1-$2-that let me play aggressively. I saw the stock spike after downtrending a bit, and a Marubozu candle formed. Instead of just buying in due to my emotions, I thought about the loss I previously took and waited for confirmation. A solid green candle formed and I rode it for about 20 cents, leaving me green on the day.
Before I considered trading BKSY, I noticed the institutional volume, it was over 1m on the Today 1minute timeframe. I also saw in the news how the stock froze a couple of times which made me think of DPSI (which was extremely active last week). Once I saw the volume start pouring in, the confirmation, and the indicators supporting the breakout, I bought in.
I didn't have an exit price which was bad. Before I consider trading stock, I have to be convinced that said stock can make a 10-cent move or more, which enables me to play aggressive rather than conservative. I don't like being in positions for longer than 30 minutes.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-05-25 07:36:05 | BKSY | buy | $1.925 | long |
2022-05-25 07:36:58 | BKSY | sell | $2.140 | long |
2022-05-25 07:36:58 | BKSY | sell | $2.140 | 0 |
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