Shared by
MaxC_BOWS
Rubberband setup. Overbought for quite a few days, with volume building each day. Heavy sell volume, opened towards the downside. Missed my first ideal entry at 3.47 and waited for next bounce to enter. Alot of flux in the stock, took a few tries not get shaken out. I initially took too many shares so I lowered my size in the 3rd entry. got out of the stock once it grineded lower and starting popping back up. 2:1 trade but rode it downward until resistance showed. 5ยข risk closed P&L: $22
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-18 09:42:24 | CRIS | sell | $3.360 | short |
| 2015-02-18 09:44:13 | CRIS | buy | $3.400 | 0 |
| 2015-02-18 09:44:52 | CRIS | sell | $3.400 | short |
| 2015-02-18 09:45:09 | CRIS | buy | $3.420 | 0 |
| 2015-02-18 09:54:36 | CRIS | sell | $3.370 | short |
| 2015-02-18 09:58:02 | CRIS | buy | $3.330 | short |
| 2015-02-18 10:11:38 | CRIS | buy | $3.250 | short |
| 2015-02-18 11:33:46 | CRIS | buy | $3.250 | 0 |
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