The CSTM setup looked good on the long side despite their huge earnings miss (who am I to say that the market is wrong). I went for a bounce play off the morning high at 11.79 with a 5-cent stop. My expectation on the trade was that the price will retrace back to its high of day. The price went to 11.85 then spiked down and I got stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-07-24 13:31:15 | CSTM | buy | $11.790 | long |
2019-07-24 14:16:24 | CSTM | sell | $11.730 | 0 |
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