Had secondary offering premarket, so there would most likely be a bounce off the lows due to short covering.
APDN started to reclaim the 9 EMA and break above $5.00, so got in for the break of that.
A selloff to $4.50 especially if $5 got rejected.
A move to $6 at least.
Sold half at $4.98 to lock in profits in case that level got rejected. Locked in more around the half dollar. Let the rest ride until I saw $5.50 fail to hold.
Nothing. Was a very low-risk trade and something to just hold on to as I was trading NSYS. Got in with only 100 shares because there was no clear pattern other than short covering.
Not added at the break of $5.00. I should have and risked my entry price.
Immediately identified the setup and bought some shares. Scaled out along the way. I was aware of this premarket and was ready at the open.
Be much more aggressive since there technically shouldn't be much more selling left since all the shorts are most likely covering.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-11-13 09:30:40 | APDN | buy | $4.870 | long |
2019-11-13 09:31:02 | APDN | sell | $4.980 | long |
2019-11-13 09:31:03 | APDN | sell | $5.000 | long |
2019-11-13 09:32:15 | APDN | sell | $5.400 | long |
2019-11-13 09:38:49 | APDN | sell | $5.290 | 0 |
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