-$154 Loss
INDOLong Stock
timothysykes

Entry comments: Dip buying this morning spiker/recent runner/energy play, goal is 5-10% bounce, far off its intraday highs now, cut losses if no bounce

Exit comments: I was trying to be patient given some big block buys on the bid, but even with those orders in, its just not bouncing so rule #1 cut losses quickly, don't let a small mistake turn into a big disaster and today's spikers are weak so be extra-safe, small losses are fine and part of the strategy

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Position Updates

  • Apr 18, 10:19 AM: Bought 2500 at 4.20 - Dip buying this morning spiker/recent runner/energy play, goal is 5-10% bounce, far off its intraday highs now, cut losses if no bounce
  • Apr 18, 10:31 AM: Added 2600 at 4.22 - I'm adding as it looks to have found a base, goal still to sell into bigger bounce
  • Apr 18, 10:44 AM: Sold 5100 at 4.18 - I was trying to be patient given some big block buys on the bid, but even with those orders in, its just not bouncing so rule #1 cut losses quickly, don't let a small mistake turn into a big disaster and today's spikers are weak so be extra-safe, small losses are fine and part of the strategy
DatePrice
Entry4/18/20244.2102
Exit4/18/20244.18
  • Total Views187
  • Position Size5,100
  • Percentage-0.72%
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tupuad
tupuadApr 18, 11:30 AM

Thanks Tim.

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