Was so excited on my trade on DGLY and saw this running huge. This told me their could more momo in CETX [since it was in the same body cam sector.]. In hindsight I am realizing I would still take this trade since a 5-min candle was forming...the only iffy part was that this was over 150% up while DGLY was between 90-100%. The rip over pm highs (resistance lvl) made it be over 100%.
I had the chance to sell when it broke over VWAP, but I got a little greedy over 1 cents and could have sold at 2.44, but wanted 2.45....should have just put a mkt order as I had a good avg of 2.32 on my two buys. Gave back almost 1/2 the gains from DGLY, but still green overall for the day.
[HINDSIGHT] 6/3/20: Realizing that CETX was perhaps never a trade to begin with. This is the second time I give back gains after a big first morning trade. The reason I say this is because I just jumped in CETX, but without any real conviction aside from the sector momo. This should have easily made me play smaller size since I didn't have full conviction or better yet, no trade at all.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-01 09:46:03 | CETX | buy | $2.310 | long |
2020-06-01 09:49:02 | CETX | buy | $2.330 | long |
2020-06-01 09:52:58 | CETX | sell | $2.270 | long |
2020-06-01 09:54:28 | CETX | sell | $2.200 | 0 |
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