Thesis, that the bottom had formed, but the long wicks on the 5-min should have warned me that it was having trouble to break to new highs. Usually the VWAP reclaim happens towards zombie hr, but it can happens earlier with volume. But KBSF was getting rejected. My risk lvl was broken and did bad of adding to a loser. Average down is just dangerous.
June 15, 2020: Listening to my memo from my 2 Friday trades CHNR KBSF
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-12 10:04:39 | KBSF | buy | $3.700 | long |
2020-06-12 10:06:59 | KBSF | buy | $3.460 | long |
2020-06-12 10:12:23 | KBSF | sell | $3.300 | long |
2020-06-12 10:12:57 | KBSF | sell | $3.310 | 0 |
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