CANF Trade on Apr 13, 2020 09:57 from _cup0fjoe: Tradervue User Stock Trades.

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_cup0fjoe

 

a big % gainer on COVID-19 related news. Again, not interested too much in news itself, but just the headlines. Got a drop with a double bottom right out the gate as well as a spike. Heavy volume was trading and I got in a dip hoping for a break to NHOD. I was TOO patient with this and sold once 2.10 lvl broke.

[HINDSIGHT]: It slipped my mind on the daily chart that it was spiking exactly as when it finished red. This was a perfect short setup (Gap Up & Crap / Short Into Resistance [14M]). Had I seen the daily chart I would have sold into any strength immediately as my entry was far from LOD and I was using a tiny bit more size. I got the break to NHOD and should have sold after it breakout at 2.30 lvl. It would not have been a massive gain, but another single to get. 0.08/share is not big, but the fact that my entry didn't the best r/r... I should have taken that small gain/single. Still learning everyday. Also this was a NYSE so since it's more of an established co. should have told me that the chance of it spiking massively (I was delusional on it) were slimmer compared to a NASDAQ.

[HINDSIGHT]: Realized that I entered a NYSE, not a NASDAQ, as I like. I need to focus on where I excel at which are NASDAQ plays on Day 1 of its move


Execution detail:

Date/time Symbol Side Price Position
2020-04-13 09:57:42 CANF buy $2.210 long
2020-04-13 10:17:13 CANF sell $2.080 0


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