
Entry comments: Moderate position bought as CREX as it was starting a spike off a short squeeze, failed to rally off the 3.50 range. If I had a daytrade I would've used it to sell off my position but this is more to allow me to learn how a stock can act than making a large profit. I deemed CREX a company capable of holding most of its recent gains over the weekend, although it did dip, CREX held around 2.95 for the rest of the day.
Exit comments: Decided to hold CREX for a bit to see if it could bounce off the lows but it only continued to dip further. I need to have a daytrade ready if I want to trade speculative stocks like this. I wouldve made a fair amount of profit if I had the daytrade but I have to remember that I am limited to 3 a week until I get to 25k+. Even then, I'll allocate 5k into the bank to make sure that ill have backup funds in case my account drops below PDT rule 25k.
| Date | Price | |
|---|---|---|
| Entry | 5/1/2020 | 3.2499 |
| Exit | 5/6/2020 | 2.7302 |
- Total Views88
- Position Size500
- Percentage-15.99%