$Sharplink(SBET.US)
Context: SharpLink Gaming experienced extreme price swings after reaching a high near $37, which was followed by a deep downward trend. Trading high beta speculative stocks require more monitoring and tight risk management.
My trade: I executed quick short term trade during the post spike pullback, buying around $21 to $22 range and locking in exits between $21 to $23 range.
Takeaway: Locking in profits is essential when trading speculative stocks as holding a stock when going through a downtrend can quickly erase all the gains.
Moving forward, it is safer to wait for a confirmed technical consolidation base to enter a trade to protect our capital.
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