Shared by
menelik1
You've got to consider the overall situation before entering a trade after a big run or pull back. The stock had already lost most of its momentum. You bought into a pop that was probably caused by all the shorts who made money on the huge pullback covering their positions. Buying into those can be a strategy, but in this case, you hopped in way too late, pretty much chasing some big reversal back to HOD like a scrub.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-05-10 09:51:03 | VTVT | buy | $2.270 | long |
| 2018-05-10 09:51:03 | VTVT | buy | $2.270 | long |
| 2018-05-10 09:51:03 | VTVT | buy | $2.270 | long |
| 2018-05-10 09:55:54 | VTVT | sell | $2.188 | 0 |
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!