timothysykes

-$150 loss TCCO Long Stock

Entry comments: I dip bough this earnings winner that spiked into the 7s earlier, wanted to dip buy bigger position into bigger panic in the 4s, but seems to be holding the low 5s well, goal is to make 10-20% bounce, small position since its speculative

Exit comments: No bounce so I cut losses quickly, small losses are fine

Received 3 Karmas
VeryBigMoney
VeryBigMoney Dec 10, 19 3:20 PM

Tim do you use calculation of float rotations in your trades? Thanks.

growthwithcourage
growthwithcourage Dec 10, 19 7:02 PM

Thank you for being a great example of using risk/reward ratio of 3:1 (ref. 13 Orientation Notes). Looks like you were going for a 10% gain but cut losses at around 3% ($5.22) stoploss.

Bmann
Bmann Dec 10, 19 8:10 PM

I was in the first time I tried to test VWAP And got shaken out. I wasn’t far off from big wins but these low floats are so gnarly.

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