Really poor risk management on SGMT today the account took a hit because of it. Need to be more disciplined with the stop loss.
Sagiment Biosciences (SGMT)
Biotechnology – California USA
Entry for breakout over 4. Terrible risk management. Should have set hard stop loss for VWAP breakdown but instead looked away for a minute and missed the flush down.
- ENTRY – Avg Entry Price: 3.7599
- ENTRY – Bias: Long
- ENTRY – Entry Time: Opening Drive (8:30-9:30)
- ENTRY – Price Target: 4
- ENTRY – Quantity: 200
- ENTRY – Stop Price: 3.6
- ENTRY – Trend – Price: Increasing
- ENTRY – Trend – Volume: Increasing
- EXIT – Avg Exit Price: 3.391
- EXIT – How to Improve: Set hard stop loss
- EXIT – Overall Grade: F
- EXIT – Profit: -73.7800
- EXIT – Time: Opening Drive (8:30-9:30)
- EXIT – Type: Stopped out
Capricor Therapeutics (CAPR)
Biotechnology – California USA
Entry on pullback before 17 breakout. Set a stop to 16.90 once it broke 17. Should have exited some over 17 and then partial stop at 16.95 along with a wider trailing position.
- ENTRY – Avg Entry Price: 16.6098
- ENTRY – Bias: Long
- ENTRY – Entry Time: Opening Drive (8:30-9:30)
- ENTRY – Price Target: 17
- ENTRY – Quantity: 50
- ENTRY – Stop Price: 16.25
- ENTRY – Trend – Price: Increasing
- ENTRY – Trend – Volume: Increasing
- EXIT – Avg Exit Price: 16.88
- EXIT – How to Improve: Set scalable stop for profit
- EXIT – Overall Grade: B
- EXIT – Profit: 13.5100
- EXIT – Time: Opening Drive (8:30-9:30)
- EXIT – Type: Stopped out for profit
XChange Tec (XHG)
Insurance – China
Such an extreme move so looking for dead cat bounce or black swan squeeze. Not big size so not risking too much. Exited early next day as it wasn’t moving too much.
- ENTRY – Avg Entry Price: 0.358
- ENTRY – Bias: Long
- ENTRY – Entry Time: After Hours
- ENTRY – Price Target: 1
- ENTRY – Quantity: 100
- ENTRY – Stop Price: 0.1
- ENTRY – Trend – Price: Increasing
- ENTRY – Trend – Volume: Flat
- EXIT – Avg Exit Price: 0.4189
- EXIT – How to Improve: Better Pre-Action Analysis
- EXIT – Overall Grade: C
- EXIT – Profit: 6.0900
- EXIT – Time: Next Day
- EXIT – Type: Full out profit taking
- STOCK – Short Float %: 0.33