Worst trade of the day. PDD was strong on the opening. Chased opening range breakout. It pulled back down and hit my stop in 1 min. A pure waste of money.
What I did Wrong: Chasing a Chinese stock is silly. I thought there may be some sort of gap refill and obviously I was wrong. The pull back was brutal even a wide stop can't save you.
Where I could improve: Don't buy Chinese stock.
Trade grade: Fail
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-11-22 09:34:07 | PDD | buy | $66.510 | long |
2022-11-22 09:34:44 | PDD | sell | $66.105 | 0 |
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