Added at the worst possible location. I have should be aware of sellers who drop short at 1 cent above the whole and half dollar and should not have added there. Instead of looking to add to my position I should have been looking to sell at whole and half dollars until it cracked a new high. Keep a semi-loose stop as it approaches the whole and half dollar and then tighten it as it breaks within the range. If it's going parabolic then I will leaving a bigger stop open. I look forward to testing my method again on Monday.
Live to trade another day
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-10 09:46:31 | CPAH | buy | $1.825 | long |
2020-01-10 09:50:18 | CPAH | buy | $2.065 | long |
2020-01-10 09:51:34 | CPAH | sell | $2.000 | 0 |
2020-01-10 10:07:54 | CPAH | buy | $2.280 | long |
2020-01-10 10:14:27 | CPAH | buy | $2.520 | long |
2020-01-10 10:14:53 | CPAH | sell | $2.230 | 0 |
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