Red day 1/3: Biggest %loss so far and hey, it is the infamous Greek shipper.
Entry comment: 1.50 was holding well for 2 months. Got in on the dip after the spike and position was green until the eod when dilution began. TOPS held 1.5 for 60 days and it fails the day I buy.
Exit comment: Never hold through dilution. Sold on the very fir day. TOPS is trading at 0.75 today and can continue to go lower.
Lesson: Not to add swings on long weekend because the volume is low and breakout might not hold.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-05-25 10:28:00 | TOPS | buy | $1.550 | long |
2018-05-29 15:00:00 | TOPS | sell | $1.000 | 0 |
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