Shared by
HelloMrMotto
Intraday
Small gap up from the SPY
Why did you take the trade?
Pre-market wick couldn't hold so I thought it was going to be a bearish play right out the gate.
How did the trade go?
Bad entry. I should have waited for the chart to develop and then made my move. At least if you're going to take the trade you need to cut off the loss as soon as it hits the target loss but I didn't go that and let the stock run up about .50 cents instead of .10 cents.
What can you do better in the future?
- Cut losses quickly
What did you do great?
- Cut loss
Grade: F
Why that grade?
Didn't follow rules of cutting losses at .10 cents
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-07-07 09:31:30 | UBER | sell | $21.643 | short |
| 2022-07-07 09:31:46 | UBER | sell | $21.630 | short |
| 2022-07-07 09:42:42 | UBER | buy | $22.075 | 0 |
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