So I’ve been spending the last few weeks trying to spot potential pump and dumps. I’ve made some and lost some.
I’m pretty good at spotting the pump, and staying on the right side.
What I’m struggling with is buying back on the dump.
Ive had a few successful but a few mistimed like MRNA. Bought in at 71 on the first dip rather than second dip at 65.
Today with HLAG I’ve made a rookie mistake in buying way too soon on open.
I originally spotted on the 12th and realised that the report was due on the 15th so people would start dumping on the 14th.
I sat on my hands at the first 147 dip and almost bought at 157 thinking I’d missed it with the 35 drop.
I waited and sure enough another 20% wiped off. I bought today at an avg 125 after thinking well it’s dropped 20 something euros and looks like it’s going to recover now. As you can see 121 on close so a 4% loss atm. the only positive is it’s looking flat.
I’m now slightly worried I’ve again missed the bottom again.
It started from 185 and now at 121, so 64 down.
I’m now hoping for a +10 temporary swing tomorrow to exit. Is that too greedy?
Bit worried I’m going to see -10 and 110 instead and end up either cutting my losses or waiting patiently for a +15 to break even back at 125.
Where would you set the stop on this, originally I had it at 115 but now at 100. As it almost collected on a 118 blip.