yadayadayada's BIOC Trade +$187.84
Trade Details
Performance Metrics
| Entry CPU | Exit CPU | Fees | Max Amount | Max Cost | P&L % | P&L $ |
|---|---|---|---|---|---|---|
| 0.55 | 0.57 | $1.36 | 10,000.0 | $5,480.00 | 3.45% | $187.84 |
Transactions
4 entries| Date | Side | Amount | Price | Commission | Reg Fee |
|---|---|---|---|---|---|
| Apr 13, 2020 07:36:03 | Entry | 10,000.0 | $0.55 | $0.00 | $0.00 |
| Apr 13, 2020 09:29:52 | Exit | 5,000.0 | $0.58 | $0.00 | $0.00 |
| Apr 13, 2020 10:11:33 | Exit | 2,000.0 | $0.58 | $0.00 | $0.00 |
| Apr 13, 2020 11:03:00 | Exit | 3,000.0 | $0.55 | $1.36 | $0.00 |
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4:55 Bought BIOC because it was the largest mover premarket. I actually bought this because it was on the premarket up 10% scan and its volume. I made a mistake buying on the first bounce. When buying the dip I should wait for a flattening instead of the first bounce. The first bounce seems to typically fail.
6:29 Sold half before opening bell to lock in some profits.
6:11 Sold another 2,000 shares as it started to consolidate.
8:03 I got stopped out for the remaining 3,000 shares at a small loss. Overall made a small profit.
I didn’t trade BIOC well. I sold part of the position right before the opening bell to lock in some profits, but I didn’t have a clear plan. I should have sold into strength like Sykes says. I could have netted over $1,000 in profits. Instead, I got stopped out for $187.84 in profits.
A better entry would have been around 7:58 or the .50 level. Even though I messed up the entry, that doesn't change that the .50 level was the support level and that should have been my risk level. I got shook out because I didn't want to see a loss.