PTI Trade on Dec 12, 2017 14:00 from konradengen: Tradervue User Stock Trades.

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konradengen

 

Saw an ABCD-pattern here into the afternoon. As it was above Vwap, and already had rotated the float, I was thinking squeeze into the late day. The positive was a good RR-ratio, and ability to squeeze shorts fast. It is kind of tricky to play these SSR stocks as you rather want to predict the pops. I initially wanted to buy when it passed the previous high at 3.37, but instead I chased the perk. I took a smaller position than if it had followed my initial plan. The two big red flags I should have paid more attention to, was that it was up over 150% on the day, and had no clear trend overall on the day. It is also not ideal that it failed to break HOD at 11.45am. And had more of a perk up, than a grind through the consolidation high. It’s obviously easy to say that I shouldn’t have taken the trade in hindsight, but I would blame my clouded judgement to missing 3 solid opportunities on Monday. Probably some FOMO going on there.

Lesson: Don’t play stocks with many conflicting indicators.


Execution detail:

Date/time Symbol Side Price Position
2017-12-12 14:00:05 PTI buy $6.510 long
2017-12-12 14:13:38 PTI sell $6.190 0


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