They did another offering after its move so iffy to go long. The positive reaction the stock had on the 2nd offering, using it to make a nice headline as PR as well as the massive vol and strong close towards gave me conviction to enter. I was watching it since the 1-1.10 move and kept hesitating to enter due to no real pullback to 1 lvl to test it. I entered 5 mins towards close after it began to have a decent pullback with good r/r. I was getting tired watching and did not sell into the spike after 16:00 since I wanted to hold o/n. I got a pullback a/h and added to my size with 1.20 risk. After eyeing it a/h for almost 2hrs I got the spikes I wanted and sold into 3 chunks.
I had a loss in the morning so my PnL on IB wasn't as I high, but ended turning a red day to green day with this win. I knew this was a big win due to the big size as well as the nice exits. Biggest win in my career.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-05-13 15:56:18 | GNUS | buy | $1.280 | long |
2020-05-13 16:25:45 | GNUS | buy | $1.250 | long |
2020-05-13 17:35:00 | GNUS | sell | $1.380 | long |
2020-05-13 17:49:44 | GNUS | sell | $1.470 | long |
2020-05-13 17:51:35 | GNUS | sell | $1.540 | 0 |
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