Loss -1.2R.
I thought it would come down, because it had gapped up like that the previous day. There was no proper setup on daily. I probably shouldn't have taken the trade.
Intraday it was under the VWAP, MA-s and bear flagging.
It came down to $8.40 after I shorted, which was my 2R target. I wonder why I didn't cover at least some. It must be the sometimes lagging data that I have on freestockcharts.com.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-31 09:53:00 | CRMD | sell | $8.550 | short |
2015-03-31 09:55:00 | CRMD | sell | $8.540 | short |
2015-03-31 10:10:00 | CRMD | buy | $8.580 | short |
2015-03-31 10:40:00 | CRMD | buy | $8.660 | short |
2015-03-31 10:41:00 | CRMD | buy | $8.640 | 0 |
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