vinosan's APEN Trade +$14.51
Trade Details
Performance Metrics
| Entry CPU | Exit CPU | Fees | Max Amount | Max Cost | P&L % | P&L $ |
|---|---|---|---|---|---|---|
| 6.81 | 7.03 | $7.49 | 100.0 | $703.00 | 3.13% | $14.51 |
Transactions
2 entries| Date | Side | Amount | Price | Commission | Reg Fee |
|---|---|---|---|---|---|
| Mar 01, 2021 07:48:02 | Entry | 100.0 | $6.81 | $2.00 | $0.00 |
| Mar 01, 2021 07:50:00 | Exit | 100.0 | $7.03 | $5.49 | $0.00 |
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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%