ENTRY COMMENTS: Oracle trade with despiration. EXIT COMMENTS: Should have just called it a day but Tbohen saw a teaching moment and explained how this might work and it made sense to me. Shorts got the best of everyone at the end of the day. Good thing my size was small
Entry comments: Will give it a bit
Exit comments: Cut
Scaled out 25 at 7:48AM at $3.20 after waiting for the pull back to shrink my position size in case it couldn't recover past the recent high. Scaled out another 25 at 7:50AM at $3.57 when it did a great pop to lock in some profit. Closed out the last 25 at 9:52AM at $3.01 after wanting to see if it would take back off at market open but it didn't, so I cut it.
Paper Trade - Oracle Recommendation - Bought 105 shares at 2.85, sold at 2.69, loss of 16.80 - 5.61% - stop loss did not work correctly, should have sold at 2.76
Timed this very poorly since I couldn't stick around to watch it so taking small loss here.
Timed this very poorly since I couldn't stick around to watch it so taking small loss here.
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