Red day on the account after being flushed out on KAVL along with some poor risk management. Biggest take-away is being disciplined about setting hard stops for lower float stocks. At the end of the day, not every trade will result in a positive gain so just need to focus on reducing losses. The account now sits at $1703.36
Kaival Brands (KAVL)
Distributors – Florida USA
Entry for scalp breakout to new high of day. Poor risk management as a hard stop was set right away. It flushed down and halt so ended setting a hard stop after it resumed. Got stopped out before it flipped and reclaimed VWAP, then halted to the upside.
- ENTRY – Avg Entry Price: 1.45949
- ENTRY – Bias: Long
- ENTRY – Entry Time: Opening Drive (8:30-9:30)
- ENTRY – Price Target: 1.6
- ENTRY – Quantity: 300
- ENTRY – Stop Price: 1.3
- ENTRY – Trend – Price: Increasing
- ENTRY – Trend – Volume: Increasing
- EXIT – Avg Exit Price: 1.24
- EXIT – How to Improve: Bigger Size
- EXIT – Overall Grade: D
- EXIT – Profit: -65.8470
- EXIT – Time: Opening Drive (8:30-9:30)
- EXIT – Type: Stopped out
Nuvve Holding (NVVE)
Electrical Equipment – California USA
Entry for breakout scalp to new high of day. It ended up pulling back but was holding 8. Exited once it pushed back up for a test of 8.50.
- ENTRY – Avg Entry Price: 8.22
- ENTRY – Bias: Long
- ENTRY – Entry Time: Opening Drive (8:30-9:30)
- ENTRY – Price Target: 8.6
- ENTRY – Quantity: 100
- ENTRY – Stop Price: 7.9
- ENTRY – Trend – Price: Increasing
- ENTRY – Trend – Volume: Increasing
- EXIT – Avg Exit Price: 8.4602
- EXIT – How to Improve: Delayed entry
- EXIT – Overall Grade: C
- EXIT – Profit: 23.57
- EXIT – Time: Opening Drive (8:30-9:30)
- EXIT – Type: Full out profit taking
