UTSI gave a great entry signal at open, but I honestly put on the trade before it fully triggered in anticipation. Scaled into the trade as it confirmed, more and more. Unfortunately, since I was sized up nicely, I was anxious to take the trade off so started scaling out in the 1.60s, and was all out by 1.60, leaving a lot of meat on the table. If I'm going to take these trades, I really should let them stay on until at least the 30min20ma. Probably need to do some back testing on targets to build up my conviction as this was technically not a scan play.
Small cap large gapper which gave a valid pre-market 5min cup/30minbab + opening 20min low confirmation for entry signal.
Identified the opportunity, and waited for my entry signal to attack. Also scaled into the trade as it worked/confirmed.
Exited out of my full position before planned targets were reached, or was stopped out.
Ok to take partials at 20min20ma, but leave at least 2/3 on for Day 1 / Day 2 targets; especially if clean 20min bars.
Not until next pop/gap
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-31 09:46:35 | UTSI | sell | $1.810 | short |
2020-08-31 09:46:41 | UTSI | sell | $1.830 | short |
2020-08-31 09:46:48 | UTSI | sell | $1.821 | short |
2020-08-31 09:47:14 | UTSI | sell | $1.820 | short |
2020-08-31 09:47:14 | UTSI | sell | $1.820 | short |
2020-08-31 09:47:17 | UTSI | sell | $1.820 | short |
2020-08-31 09:50:21 | UTSI | sell | $1.820 | short |
2020-08-31 09:50:23 | UTSI | sell | $1.810 | short |
2020-08-31 09:54:32 | UTSI | sell | $1.800 | short |
2020-08-31 09:54:35 | UTSI | sell | $1.800 | short |
2020-08-31 09:54:37 | UTSI | sell | $1.800 | short |
2020-08-31 09:54:44 | UTSI | sell | $1.790 | short |
2020-08-31 09:54:45 | UTSI | sell | $1.790 | short |
2020-08-31 09:54:46 | UTSI | sell | $1.790 | short |
2020-08-31 09:54:47 | UTSI | sell | $1.780 | short |
2020-08-31 09:54:52 | UTSI | sell | $1.790 | short |
2020-08-31 09:55:25 | UTSI | sell | $1.800 | short |
2020-08-31 09:55:53 | UTSI | sell | $1.820 | short |
2020-08-31 09:56:07 | UTSI | sell | $1.830 | short |
2020-08-31 09:56:25 | UTSI | sell | $1.820 | short |
2020-08-31 09:56:27 | UTSI | sell | $1.810 | short |
2020-08-31 09:58:19 | UTSI | sell | $1.810 | short |
2020-08-31 10:01:51 | UTSI | sell | $1.760 | short |
2020-08-31 10:07:47 | UTSI | buy | $1.760 | short |
2020-08-31 10:09:28 | UTSI | sell | $1.740 | short |
2020-08-31 10:18:45 | UTSI | sell | $1.710 | short |
2020-08-31 10:18:47 | UTSI | sell | $1.700 | short |
2020-08-31 10:18:53 | UTSI | sell | $1.700 | short |
2020-08-31 10:27:02 | UTSI | buy | $1.650 | short |
2020-08-31 10:27:02 | UTSI | buy | $1.648 | short |
2020-08-31 10:27:03 | UTSI | buy | $1.650 | short |
2020-08-31 10:27:03 | UTSI | buy | $1.650 | short |
2020-08-31 10:27:03 | UTSI | buy | $1.650 | short |
2020-08-31 10:27:08 | UTSI | buy | $1.650 | short |
2020-08-31 10:32:21 | UTSI | sell | $1.670 | short |
2020-08-31 10:35:22 | UTSI | sell | $1.690 | short |
2020-08-31 10:42:06 | UTSI | buy | $1.660 | short |
2020-08-31 10:47:57 | UTSI | buy | $1.630 | short |
2020-08-31 10:50:12 | UTSI | buy | $1.630 | short |
2020-08-31 10:50:12 | UTSI | buy | $1.626 | short |
2020-08-31 10:50:12 | UTSI | buy | $1.630 | short |
2020-08-31 10:50:12 | UTSI | buy | $1.628 | short |
2020-08-31 10:50:12 | UTSI | buy | $1.630 | short |
2020-08-31 10:50:16 | UTSI | buy | $1.630 | short |
2020-08-31 10:50:16 | UTSI | buy | $1.628 | short |
2020-08-31 10:50:48 | UTSI | buy | $1.629 | short |
2020-08-31 10:52:22 | UTSI | buy | $1.628 | short |
2020-08-31 10:52:43 | UTSI | buy | $1.630 | short |
2020-08-31 10:53:56 | UTSI | buy | $1.620 | short |
2020-08-31 10:54:32 | UTSI | buy | $1.620 | short |
2020-08-31 10:55:47 | UTSI | buy | $1.610 | short |
2020-08-31 10:56:17 | UTSI | buy | $1.610 | short |
2020-08-31 10:56:33 | UTSI | buy | $1.620 | short |
2020-08-31 10:56:33 | UTSI | buy | $1.617 | 0 |
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