$250 profit HLIX Long Stock
Entry comments: Partial position on this strong first green day play with news this morning https://tim.ly/3dH12wv and I'm buying off a dip of the day highs at .33, I think it can take that out and I'd love to sell in the mid t high .30s or even low .40s ideally tomorrow on a gap up/morning spike
Exit comments: No gap up, weird price action not gonna risk it given how much it spiked yesterday, small gain
That's an interesting strategy. I think you are right. The risk is a bit high.
Another strategy I tried a while back was buying into the dip as the price kept falling to lower my entry average price. It worked a couple of times but the problem is if the stock doesn't recover, the losses will be big. Thank you for sharing!
I've made many losses trying to guess the bottom on a dip or downtrend. I've tried to average down with mixed results. Thanks for the input!
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