This was a morning spiker and I was alerted on the news right away since I watch for news on past reverse splits. I entered anticipating a p/b and run on 3/4 size. My risk was just below the 50% p/b level at 1.57. When it started getting closer to that level I cut 2/5 position to allow me to hold the remaining shares longer before it reaches max loss. In cutting some for a loss the remaining shares had to get low 1.90's to break even. After market open I had hard stops in place because it can whipsaw either way. It started running after open and as you can see in my chart I started scaling out. Went from a loss to a small win. My last tiny position I added an .11 trailing stop. I haven't used many trailing stops, in the future I will look at the largest recent range candle and go just a little less than the range as long as it is above b/e.
Overall a B.
The charts below don't show pre-market entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-10-23 08:52:00 | CETX | buy | $1.810 | long |
2019-10-23 09:04:00 | CETX | sell | $1.670 | long |
2019-10-23 09:34:00 | CETX | sell | $1.840 | long |
2019-10-23 09:35:00 | CETX | sell | $1.970 | long |
2019-10-23 09:36:00 | CETX | sell | $2.020 | long |
2019-10-23 09:38:00 | CETX | sell | $1.930 | 0 |
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