8/28/24 $BSLK [Paper Trade] · Trash Panda Trades

Aug 28 (edited) in #Wins

8/28/24 $BSLK [Paper Trade]

#WINS. Found a pre-market mover in $BSLK this morning on my scanner.

I ended up taking two trades on this one.

Trade 1: Buy after first 1m pullback after 6AM CST (6AM CST is as early as I can trade pre-market on Webull), sell after hitting $0.15 profit target, but was filled with a $0.17/share win. I actually tried to scale out 50% on the Ask, but my hotkey wasn't working, so I ended up selling the whole position to lock up some profit.

Trade 2: Anticipating the break over the whole dollar. Admittedly, this one was a little riskier, and I only executed it because I had a cushion from Trade 1. First 1m candle to approach $5 hesitated at $4.96. I tried to buy the next candle at $4.97 as I watched orders get filled on the L2, but was filled at $5.00. Sold <2m later at $0.17/share profit.

3 minutes after Trade 2, the stock hit a high of $5.45 before pulling back and moving sideways. I missed one more upward move, but I'm happy with where I got out, knowing the second trade was a little riskier than the first.

#WINS LESSONS:

Trading the front side works a lot better than trying to catch the falling knife (Thanks,
@Derek Barnett
)! 😬
Execute the action. When my hotkey didn't work, I had presence of mind enough to click "sell" to execute my plan, rather than lose focus and try to sort out my IT issue in the moment. In this case, it ~could~ have worked out in my favor to hold longer, but I'm trying to manage risk, not gamble.

Happy Trading today, everyone! Hope is not a strategy! 🙃

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