Although this was a terrible trade, I learned a lot and was on the right track. First, when a multi-day runner is holding highs from a multi-month breakout with great news (contract with GM), you can buy it sooner to improve risk-reward. You don't need to be scared out of it. Second, you need to let the stock play out. These tight stops will get you nowhere if you don't give it a little wiggle room to do what you want.
Broker:Questrade
Date | Price | |
---|---|---|
Entry | 7/24/2019 | 4.08 |
Exit | 7/25/2019 | 4.06 |
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