How do you determine how much time to give these plays before you cut losses?
-$2,250 Loss
XSPALong Stock
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Position Updates
- Mar 19, 20 9:36 AM: Bought 25000 at 0.23 - Speculative buy on this new spiker that announced they're going to do cooronavirus testing at their airport locations, I could see this low priced play really running in this crazy market
- Mar 19, 20 9:39 AM: Added 25000 at 0.20 - I added more on the dip heres the PR https://tim.ly/2QvMB3I just came out
- Mar 19, 20 9:55 AM: Sold 50000 at 0.17 - Gave it time, but no spike whatsoever, rule #1 cut losses quickly
Related Posts
| Date | Price | |
|---|---|---|
| Entry | 3/19/2020 | 0.215 |
| Exit | 3/19/2020 | 0.17 |
- Total Views1,602
- Position Size50,000
- Percentage-20.93%
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4
WWalkerMar 19, 20 9:57 AM
WindwalzerMar 23, 20 9:05 PM
What you described and the chart, it would seem it was a short sell instead of a long. I'm just looking at it as a newer student, I'm trying to understand and see the patterns that you are teaching. I know they are cookie cutter patterns. I just was reading when you entered and added and exited, it looks like a short play is all. Thank you for all the education you are instilling in me.
