Thursday, December 10, 2020

12/10_SLS_blowup trade

 

why the heck I took the trade in the first place knowing that today is an event day. Had an appointment at flushing and need to run a few agendas especially I was up quite nicely before I touched SLS. then turned +$50k day into a shit hole. at peak I was down 6-fig but glad it came down in the end. Broker liquidated my position before the close that's always the risk managing small account and using full BP. lot of and lots of danger sign and red flags and again it same mistake just repeated. Had opportunity to downsize and re-add but got lazy doing so. I should and had opportunity to cut several times but kept holding.....too confident and saying to myself that it will come down eventually. The end is yes but before that it squeezed a couple bucks before ultimate dump came. my 30k shares that's enough damage!!!!!!! 

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