After it ran up an ABCD in the first 30 mins and finally came down a bit from its HOD ($11.25), bouncing off the 1min 20ema, I felt it had hit a solid support line so there was room up. Jumped in a decent entry just 10cents above the 5min low of $10.62 with a .40cent price target.
Once it started to move around though I noticed a downward trendline so I felt it was wise to exit the trade early - which proved incorrect as it hit my price target 2 mins later, but was nonetheless not a bad move considering the morning was choppy and the only movers were those from Friday.
Good entry. Acceptable execution upon recognizing the downward trendline that I missed before entering.
Second one was kind of an impulse buy that I immediately felt uncomfortable having done so I exited with a small gain and called it day. Little gas in the tank.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-02 10:06:16 | BTBT | buy | $10.725 | long |
2021-08-02 10:08:39 | BTBT | sell | $10.940 | 0 |
2021-08-02 10:24:18 | BTBT | buy | $10.499 | long |
2021-08-02 10:24:49 | BTBT | sell | $10.525 | 0 |
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