up pm on good update on earnings; liked its low float (3M) and small mkt cap (13.5M) & a former runner; 1.2M pm; felt like it was gamble playing right @open so I waited and bought on dip with LOD risk; just wanted to see a break or test of 4 lvl and if it went near HOD of 4.50 I would have sold before it even got there; unfortunately it prob got attack alot by short sellers and just stuffed ath the open and faded; currently @3.35 (10:27am). Tbh I entered on FOMO "anticipating" a move that I pictured in my head (g&c reversal); even though 5-min chart was all red candles (3 candles), I still entered. I did excellent on cutting losses. No matter if it ended spiking after I sold or it faded like it's doing now, I would have learned my lesson: be patient with your entry and use size wisely. I felt iffy entering because it was up 100% @open so I should have used small size if I was anticipating a move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-04-23 09:42:23 | CPAH | buy | $3.670 | long |
2020-04-23 09:45:10 | CPAH | sell | $3.560 | 0 |
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