Accidental "Cut Profit" using Limit Order
$Lucid Group (LCID.US)$ Two days of day trading on this ticker on pre & post Thanksgiving Day. The stock is on an upward trend with plenty of good news to give it a boost.
Day 1 (Thanksgiving Eve): Enter trade after opening with long thin green candle stick. Not the best entry though. Put in a Trailing Stop order and decided to come back before market closed. Meanwhile, the stock pulled downwards for rest of the day before making an upside run towards closing. Close out the trade manually as it did not hit my Trailing target. Nice little profit. The only Green of the day.
Day 2 (Black Friday): Pre-Market Black Swan aka South Africa variant send the market into correction. I got alerted as the stock has reached my ideal buy-in price (Tips: You can set alert based on targeted price or by % of change up or down). I did a quick DD and opined that this event is unlikely to affect the resilience of EV stock. Make the deal quickly in pre-market and set a Trailing Stop again.
Mistake: Reacted to an online news and my itchy finger changed the Trailing Stop order to a Limit order. Unfortunately, I made a terriblr mistake of putting in a "lower than market cost" in the Limit Sell Order, causing Moomoo to close the deal at current market price instead (Tips: Moomoo will remind you that you are putting a order lesser than market value. I totally ignore and skip reading ). Hence, the stock is sold immediately. Luckily, I still made a small profit from the accidental sale.
Learning Point: Know the function of the Trading Order, and do NOT ignore the Moomoo warning!!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Player 168 : at least there is still profit. hopefully next week will be green grassland
BaldoRocks :