CURLF Trade on Jul 5, 2019 15:59 from Marius: Tradervue User Stock Trades.

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Marius

 

SPY consolidated pre-market beginning of the day with a nice bounce from the lows. CURLF has been in a down trend for multiple days and the daily chart will show that + resistances. After seeing other names like CBWHF and ZYNE on the US MJ side run I needed to find something to trade as trading positions in CAD MJ/CGC has been hindering my performance starting the month. I entered here on a whim and is a very small position as I did not do much analysis as this is an OTC name and I got into the trade due to the closing price action. My risk here is minor but most of my edges are not in this trade. Volume only stood out in the last few minutes of the day. I also got an unfavorable fill with a market order EOD but very small position.

  • RVOL D, (not significant) <1 / 5m RVOL, 4.5489
  • Market Cap 2.27B
  • Average Volume D ~347K

SPY 195m,
image

CURLF D, noting resistances
image

CURLF 5m, EOD day volume clearing a lot of previous price action with volume
image

Exited will update later. Planning new trade with FB.

Not seeing the follow through I was anticipating with the initial EOD action that got me into the trade. There is still momentum to the downside and I stopped myself to focus on other trades that would bring up my performance. I will be trading this space again once the main trends reverse and confirm convincingly. Bottom fishing is not part of my edges and will continue to develop this later on as it is showing notable underperformance.

CURLF 65m,
image


Execution detail:

Date/time Symbol Side Price Position
2019-07-05 15:59:51 CURLF buy $7.043 long
2019-07-10 15:45:43 CURLF sell $6.875 0


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