Shared by
apache2a
Super slow day in the small cap world. Market overall dropped significantly (around 4% for the NASDAQ) but pre market for small caps was completely dead. Took the one trade. For some reason it got me out at 2.38, not sure why...maybe I entered the target wrong? Anyway, it went down to 2.33 (target was 2.31) then popped back up to 2.40 (where I got back in, might have hit 2.43 as a high that time). So my mistake actually ended up going my way for once (don't try it again).
Tried to get in CGIX too...was kind of weird. The spread kept changing. Initially was at 6.40 and tried to get in, but then the spread down to 6.20. At 6.20 it didn't really fit the framework anymore, so I held off to the open. By the open it was at 6.00 and lower...just wasn't worth it. So missed the trade, but didn't miss out on much.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-03 08:59:04 | ADMA | sell | $2.440 | short |
| 2020-09-03 09:30:08 | ADMA | buy | $2.379 | 0 |
| 2020-09-03 09:53:06 | ADMA | sell | $2.400 | short |
| 2020-09-03 10:22:10 | ADMA | buy | $2.310 | 0 |
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