Came back after breakfast and saw this stock taking an ultimate beating. Took an entry for the bounce and then scaled down as it dropped to the low of day. As expected, the stock then ripped up on a bounce as many buyers had the same idea and was selling for good profit. Missed the exit when it ripped up to 15 unfortunately.
Got back in as it dipped down after rejecting 15 for another rip up. I kept selling too soon but it is okay since the profit was nice and doubled my profit for today.
Stocks at this price range are very volatile and can be either really good or bad. They can move entire dollars up and down within seconds and can destroy you and managing your position is crucial.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-02-27 11:10:11 | CODX | buy | $13.250 | long |
2020-02-27 11:10:54 | CODX | buy | $12.860 | long |
2020-02-27 11:11:20 | CODX | sell | $13.170 | long |
2020-02-27 11:11:28 | CODX | sell | $13.320 | long |
2020-02-27 11:11:37 | CODX | sell | $13.350 | 0 |
2020-02-27 11:12:14 | CODX | buy | $13.890 | long |
2020-02-27 11:13:21 | CODX | sell | $14.290 | 0 |
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