Could see higher lows being formed and CBAY holding that 4.20 well. Again did the mistake of going with twice the size...so I made sure to have my sell order ready if it reached near my risk lvl of 4.20/4.21. Due to its high float (64.6M) it moved so slow, back and forth action. It did the g&c reversal, but so delayed the spike. Historic volume today and over 100% so it was risky buying at all. Go the spike and long volume bar so sld 1/2 into strength. Held the other 1/2 because I wanted a breakout over the open price lvl of 4.59 (a rtg move). I sld almost right away the other 1/2 as I did not want to risk losing these profits. Finished green on the day. Getting my groove back, but taking it one trade at a time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-05-12 10:18:35 | CBAY | buy | $4.290 | long |
2020-05-12 10:31:59 | CBAY | sell | $4.520 | long |
2020-05-12 10:34:10 | CBAY | sell | $4.500 | 0 |
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