Sloppy trade. Bought it but it was already quite far from the new higher low. Have to adjust my risk to 3.28. The thing was that I exit at the wrong move. Exited too quickly. It did hit 3.28 but never broke 3.28. It bounced off 3.28 and move 3.50s. Yea, it's a small loss.
A chase. When I enter, I was risking 3.40. After the entry, I saw that I was in a FOMO and chase trade; so, I decided to just get the hell out of the trade for a 0.03 loss. Don't chase. it later move to 3.50ish but dump to the 3.20s right after.
Enter on a higher low bounce. Risk 3.26. Aim for a 1:3+ risk:reward. I was not too confident with this trade as it was making sideway moves in 1-3 minutes. I decided to cut my losses. It later went to 3.35 then dip to 3.21. I would've been cut. It then double bottom bounce from 3.21 to 3.88 in about 20 minutes. I would've been chopped if I did stay and miss the 0.5 moves. I did missed it though.
Enter a bounced off the low on a #4 pattern for a #5 pattern. I was willing to risk only 0.05. My profit target is 0.15. Around 3.29. At 3.25, decided to sell 10 shares. Held 20 for a move to 3.30. If it drop below 3.20, I would've cut. Move above 3.30. Wanted to a higher-priced move to 3.40s but decided to just take my profits. Sold all my shares @ 3.33. it later did move to 3.40 but it's a sideway action that fail to break VWAP which showed weakness. It later crashed to the mid 2s and under.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-09-25 07:33:16 | CBAT | buy | $3.310 | long |
2020-09-25 07:33:45 | CBAT | sell | $3.280 | long |
2020-09-25 07:33:45 | CBAT | sell | $3.280 | 0 |
2020-09-25 07:35:39 | CBAT | buy | $3.460 | long |
2020-09-25 07:36:48 | CBAT | sell | $3.430 | 0 |
2020-09-25 07:42:18 | CBAT | buy | $3.290 | long |
2020-09-25 07:43:56 | CBAT | sell | $3.310 | 0 |
2020-09-25 08:33:42 | CBAT | buy | $3.140 | long |
2020-09-25 08:34:02 | CBAT | sell | $3.250 | long |
2020-09-25 08:34:37 | CBAT | sell | $3.330 | 0 |
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