-$530 Loss
FAZELong Stock
timothysykes

Entry comments: Borderline meme play spiking fast, business update coming in a few days, STT Breaking News, goal is to make 50-75 cents/share

Exit comments: No bounce, so rule #1 cut losses quickly, I sized up too quickly as optimal dip buy was in the 14s...choppy, choppy stock, potential re-buy into a big panic, otherwise I gotta be safe

4
200

Position Updates

  • Aug 09, 9:49 AM: Bought 1000 at 15.85 - Borderline meme play spiking fast, business update coming in a few days, STT Breaking News, goal is to make 50-75 cents/share
  • Aug 09, 9:54 AM: Added 1000 at 15.32 - I added on the dip, this is a choppy stock, goal is to sell in the 16s again
  • Aug 09, 10:02 AM: Sold 2000 at 15.32 - No bounce, so rule #1 cut losses quickly, I sized up too quickly as optimal dip buy was in the 14s...choppy, choppy stock, potential re-buy into a big panic, otherwise I gotta be safe
DatePrice
Entry8/9/202215.585
Exit8/9/202215.32
  • Total Views261
  • Position Size2,000
  • Percentage-1.7%
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only:
GuiliaPar
GuiliaParAug 09, 9:57 AM

I would never add to a loosing trade! That should be the second rule of trading.

student_88926
student_88926Aug 09, 10:09 AM

Thanks Tim. We follow your advice and stay safe!

tupuad
tupuadAug 09, 4:48 PM

Thanks Tim! Good reminders and review.

rechinu
rechinuAug 09, 5:41 PM

Thank you for lesson

Join now or log in to leave a comment