-$396 Loss
DUOLong Stock
timothysykes

Entry comments: I'm buying this Chinese real estate play/earnings winner (see news: https://tinyurl.com/497z35hu ) as its held its gains well today and more importantly its teased its ability to spike very far very fast so if it can get above the 2.40s-2.50s resistance zone its had all day, I think it can spike to the high 2s or even the 3s afterhours today or ideally next week. Cut losses if it can't hold its current gains though

Exit comments: This hit 2.40 earlier premarket today but I thought it could breakout so I didn’t take profits…but that top held and now it’s fading the wrong way so rule #1 CUT LOSSES QUICKLY, which is frustrating but part of the strategy and you can’t let small losses turn into anything bigger. Potential rebuy if it can break past 2.40-2.50 resistance

6
340

Position Updates

  • Aug 29, 3:44 PM: Bought 3500 at 2.34 - I'm buying this Chinese real estate play/earnings winner (see news: https://tinyurl.com/497z35hu ) as its held its gains well today and more importantly its teased its ability to spike very far very fast so if it can get above the 2.40s-2.50s resistance zone its had all day, I think it can spike to the high 2s or even the 3s afterhours today or ideally next week. Cut losses if it can't hold its current gains though
  • Aug 29, 6:27 PM: Added 2000 at 2.25 - I added to my position on this low Holme afterhours drop as now it looks to have support in the 2.20-2.25 area and I still think this can spike more, ideally into the 2.40s-2.50s or even higher so I’m trying to be patient
  • Sep 02, 5:15 AM: Sold 5500 at 2.24 - This hit 2.40 earlier premarket today but I thought it could breakout so I didn’t take profits…but that top held and now it’s fading the wrong way so rule #1 CUT LOSSES QUICKLY, which is frustrating but part of the strategy and you can’t let small losses turn into anything bigger. Potential rebuy if it can break past 2.40-2.50 resistance
DatePrice
Entry8/29/20252.3073
Exit9/2/20252.24
  • Total Views257
  • Position Size5,500
  • Percentage-2.92%
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davmorrill
davmorrillAug 29, 4:13 PM

well... i learned something this afternoon, thanx !! Good luck on this one Tim !!

Tusya1
Tusya1Aug 29, 7:28 PM

Thank you.

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