Entry comments: Weed stock swing trade.
Exit comments: Cut losses, not quickly enough.
Sympathy plays Attempted to guess a FGDB the previous day to get even better risk as price action was slowing down enough for a possible bounce the next day. Decided to cut as it did break my risk. However, thesis did work out the following day, but only a small .20cents.
Hit the cookie jar once too many times! Pre-market purchase and sold at the open when it went down. Weed sector structure is just losing money and the market is just reflecting this.
Swing trade this hot weed sector: Dip buy @1.94 with $1.80 risk (LOD) and goal to sell in $2.15 range. Sold 1k shares in pre-market @$2.17 to lock in profits. Should have sold the rest in the $2.20s when it traded sideways for nearly 3 hours, but sold when news broke out and it tanked - still made a profit with the remaining 500 shares, but I got to stop getting greedy on these cheap stocks!
Rushed trade, Trump signed dope stock executive order to reduce Dope stocks from schedule 1 to 3. News already factored in no bounce out with small loss
Big crack on weed stocks, sell the news. Big 60%+ bounce so shorted into the bounce. Entered early unfortunately as it kept bouncing up to VWAP. When it held VWAP I added a small amount. Got a straight drop with no bouncing, covered 1/3rd at r/g, another at $1.88 which was dumb, and the rest at $1.73 close to the lod.
Nice trade
This had upward momentum when I bought in, but quickly started to reverse. Then it started to creep upward but failed to regain my buy price quickly, so I just got out.
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