Entry on this was the p/m lows which was also a half $ it also didn't break the low of day at that point. It also had bounced off the RSI 30 line. I had a target of just above vwap for an exit which I did 2/3 exit. I then exited another piece of the remaining 1/3 after it didn't break p/m resistance of 1.90s. I was then able to move up my risk lvl to vwap which it didn't hit but kept running and broke $2. I exited another piece and only had a 1/12 of the shares remaining. I set a hard stop and let it go, my target exit was 2.4 which was a previous day high. I got stopped out and overall was a great trade.
Grade A
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-09 11:51:00 | COCP | buy | $1.520 | long |
2020-03-09 12:45:00 | COCP | sell | $1.630 | long |
2020-03-09 12:58:00 | COCP | sell | $1.830 | long |
2020-03-09 13:09:00 | COCP | sell | $2.080 | long |
2020-03-09 13:43:00 | COCP | sell | $1.670 | 0 |
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