Shared by
Teyrex_Trading
My notes for this trade are in the image.
Bottom line is that I broke the following rules:
- Didn't know the stock and that its a China Pump ticker with history on the daily of selling the F off with no bounce.
- Did not cut the loss at LOD after I entered
- too much bias that it MUST bounce, even though I could read the heavy selling constantly.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-08 11:23:46 | IMTE | buy | $4.962 | long |
| 2022-06-08 11:32:06 | IMTE | buy | $4.880 | long |
| 2022-06-08 11:40:10 | IMTE | sell | $4.700 | long |
| 2022-06-08 11:41:32 | IMTE | buy | $4.310 | long |
| 2022-06-08 13:16:55 | IMTE | sell | $3.968 | long |
| 2022-06-08 13:44:33 | IMTE | buy | $3.942 | long |
| 2022-06-08 13:46:10 | IMTE | buy | $3.938 | long |
| 2022-06-08 13:49:36 | IMTE | sell | $3.801 | 0 |
Comments
Teyrex_Trading
2022-06-25 09:52:31
Thanks for the comment, fully agree or not even worry about trading it for a bounce. when the DUMP part of the pump and dump starts its very hard to gauge the backside dead cat bounce potential.
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!
When you meet a decline of 60% without any reason and the stock had a pump before wait 3 days rules and buy you will get the dead cat bounce good luck for the next time,