127.62M float, 91% institutional, running into resistance on the daily... should have left this one alone. Not enough analysis done before taking the trade. Impulsive...yes. I was not patient enough on my first entry. I bought 100 shares at 56.79 while it was pulling back but the EMAs were still to far away. I bought another 100 shares at 56.42 on a green candle after hitting the EMAs. I had a trend line drawn justifying my last entry but there was not follow through in the stock. My last entry was 100 shares at 42.99. I held on for a bit but the stock chopped around back and fourth along the VWAP for most of the day so I exited my position at 56.23.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-20 09:45:32 | CTRP | buy | $56.790 | long |
2015-03-20 09:58:43 | CTRP | buy | $56.150 | long |
2015-03-20 10:26:53 | CTRP | buy | $56.420 | long |
2015-03-20 11:48:50 | CTRP | sell | $56.230 | 0 |
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