This was my main trade on 2 Aug. Several stocks showed strong pre-market including PINS and UBER. I chose UBER because it looks more like a real beat, higher top line, turning cashflow positive. PINS was more like "less bad than expected". I accumulate UBER on opening weakness.
What I did Right: Accumulate on weakness.
What I did Wrong: The exit is not good. The swing back up is also slower than I thought. Market was a bit weak at that time.
Where I could improve: A bit more patience. Exit in tranches. I brought close to day low and should have at least 20-40% of my holding waited a bit longer.
Trade grade: D for the entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-08-02 09:31:53 | UBER | buy | $27.790 | long |
2022-08-02 09:36:13 | UBER | buy | $27.340 | long |
2022-08-02 09:37:50 | UBER | sell | $27.670 | long |
2022-08-02 09:38:26 | UBER | sell | $27.770 | long |
2022-08-02 09:40:07 | UBER | sell | $27.910 | long |
2022-08-02 09:40:42 | UBER | sell | $27.970 | long |
2022-08-02 09:43:34 | UBER | sell | $27.790 | 0 |
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