Thanks Tim , cut losses quickly !

Entry comments: The CEO of this recent runner just tweeted this https://tim.ly/3Z0GMw0 teasing a PR next week as they previously announced this https://tim.ly/3EfGWYH in late January and the stock was spiking nicely so let's see how far this can...as it turns out its now a multiday breakout too, goal is to sell in the .09s or .10s as it should keep going in anticipation of the new PR likely coming next week
Exit comments: It's just not bouncing like I wanted and while there's likely a press release coming soon, I don't like this price action/inability to bounce along with the ugly overall markets so I'll just cut losses here to be safe. Small losses are NOT fun, but they're a part of the game and far better than big losses!
Position Updates
- Feb 17, 23 10:47 AM: Bought 45000 at 0.083 - The CEO of this recent runner just tweeted this https://tim.ly/3Z0GMw0 teasing a PR next week as they previously announced this https://tim.ly/3EfGWYH in late January and the stock was spiking nicely so let's see how far this can...as it turns out its now a multiday breakout too, goal is to sell in the .09s or .10s as it should keep going in anticipation of the new PR likely coming next week
- Feb 21, 23 9:33 AM: Added 45000 at 0.076 - Too fast of a drop to cut losses but its also on low volume and likely due to the overall market which is nasty, still a PR likely coming this week so I'll risk it and average down, I still think this can bounce/run
- Feb 21, 23 10:04 AM: Sold 90000 at 0.078 - It's just not bouncing like I wanted and while there's likely a press release coming soon, I don't like this price action/inability to bounce along with the ugly overall markets so I'll just cut losses here to be safe. Small losses are NOT fun, but they're a part of the game and far better than big losses!
| Date | Price | |
|---|---|---|
| Entry | 2/17/2023 | 0.0795 |
| Exit | 2/21/2023 | 0.078 |
- Total Views395
- Position Size90,000
- Percentage-1.89%
Darn! I was sorry I hadn’t caught it to sell for a smaller loss this morning but saw your previous post about your expectations and decided to hold a bit longer. Hope it isn’t another hlbz, my first trade and a big loss!
scary trade