Traded GENE P/M. It was dipping from 4.68 to 4. More than 10% dip. Although it is down trending. Enter @ 4.11 with 15 shares, risking 4.00. Aim for a move to VWAP @ 4.30. Best if it could break 4.30 and move higher to 4.40s. Decide to sell into strength on the way up. Sold 3 @ 4.23, 4.25, 4.27. Held 6 shares, planned to add. Add 3 @ 4.21. Average up to 4.1433 w/9 shares. Risk level moved to 4.10. On 2 minutes chart, the low was @ 4.13. Move risk up to 4.13. Out @ 4.14 on down trend. It never did crack 4.13.
Rebuy @ 4.28 on VWAP break with 15 shares. Sell 3 @ 4.35, 4.39. 2 @ 4.39. 1 @ 4.40. Tried to catch 4.45 but dipp too fast. Dipped further. Waited for the next green candle. It showed resistance @ 4.40. Out @ 4.36. It later dipped further to 4.22. Never did touch 4.20. It then bounced back to 4.40. 4.40 crack then hit resistance @ 4.45. Double top+Descending triangle=flush to the 4.10s from 4.20s.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-09-11 06:07:25 | GENE | buy | $4.110 | long |
2020-09-11 06:11:43 | GENE | sell | $4.230 | long |
2020-09-11 06:13:20 | GENE | sell | $4.250 | long |
2020-09-11 06:13:28 | GENE | sell | $4.270 | long |
2020-09-11 06:16:54 | GENE | buy | $4.210 | long |
2020-09-11 06:24:03 | GENE | sell | $4.140 | 0 |
2020-09-11 06:35:14 | GENE | buy | $4.280 | long |
2020-09-11 06:36:50 | GENE | sell | $4.350 | long |
2020-09-11 06:37:07 | GENE | sell | $4.390 | long |
2020-09-11 06:37:22 | GENE | sell | $4.390 | long |
2020-09-11 06:39:02 | GENE | sell | $4.400 | long |
2020-09-11 06:41:39 | GENE | sell | $4.360 | 0 |
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