Trade Detail

vinosan's APEN Trade 14.51

The first transaction is an (Entry). Please switch trade type to be Long or swith all transaction types.

Trade Details

Published: March 2, 2021, 4:27 a.m.

Status: CLOSED

Portfolio(s): TradeZero VKA87673,

Broker: TradeZero

Asset: Stock

Symbol: APEN

Type: Short

Pattern(s): Dead cat bounce short,

Featured Image / Proof

Image of TradeJournal User: vinosan, Symbol: APEN, Status: Closed trade

Stats

Entry CPU	Exit CPU	Fees	Max Amount	Max Cost	P&L %	P&L $	P&L With Fees
6.81	7.03	7.49	100.0	703.0	3.13%	22.00	14.51

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Notes

APEN short trade 1/3:

APEN is not a clear bag holder chart. It gapped up and was selling of in pre market, the stock was looking really weak and I was looking to short it. I could not short early in PM beacuse TradeZero could only short after 7am. The first trade I took was a loss. I was impatient thinking that is all the bounce we were going to get, but as I entered my trade the the stock popped a little. Here I decided to quickly exit the trade for a not so big loss, and re-entered once I saw the bounce was finally failing.

My mistake: This trade I was chasing weakness, and I learned that I should only short a bounce if the bounce seem's significant enough in relative to how the stock's price action is moving in the day, and the pop should be around 8%+ to have decent risk reward. I would only use this dead cat bounce pre market short strategy if the locates are cheap or if you already have locates for the ticker.

Float: 18 M

MC: 118 M

IO: 67%