ran up towards power hr on patent news. Float was 33M with heavy resistance of 123M + 14M from April. The stock stopped its move around tht level. I knew it wasn't anything I was comfortable playing, which is why I used 1/4 size. But with NASDAQ hitting all-time highs and IZEA doing something similar yesterday releasing news into power hr and gapping up today, I thought $WATT might do the same. I liked how there wasn't any recent shelfs or offerings.
Entered on a pullback with the thesis it hold VWAP/ $3 lvl. Once it broke I had to exit, of course I waited for a bounce but it kept going lower. 2019 me would have just held and hope, but I made sure to stay disciplined by sticking to my plan, but also not wanting to ruin my good trading for June so far. I don't care tht I lost, what I care about is tht I stay discipline to keep my losses small.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-09 16:09:08 | WATT | buy | $3.060 | long |
2020-06-09 16:14:36 | WATT | sell | $2.860 | 0 |
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