CLSK Trade on Aug 17, 2021 09:53 from mrideout: Tradervue User Stock Trades.

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mrideout

 

Daily:

Price levels: 13.37, 12.52, 10.36
Inst. Ownership: 26.50%
ATR: 1.63
AVOL: 1.7M
VOL: 7.59M
Float: 32.08M
Short float: 12.72%

Intraday:
- CLSK had been in a downtrend on the daily and was bearish premarket. On open, price sold off and rallied through vwap on low volume, forming a hanging man candle. I got short on the break of vwap and added on a minor retracement to the 9 EMA. Price briefly popped to the 20 ema on the 5, but closed near the low and began selling off putting the trade in profit. Profit target was LOD, but there was no follow through on the move, and so exited at break even.

areas of improvement
- Good entry on the intraday technicals, though price may have been too extended on the daily chart for enough downside.
- When price immediately rallied following your entry, you should have exited, since you were looking for a clean flush of price. The bullish candle that formed was indicative of no follow through.
- You held this trade longer than necessary. Nothing else was moving in the watch list, so you held the trade in case there was a breakdown in price. Don't bother with this. Get out, free up capital, and re-enter on a proper signal.


Execution detail:

Date/time Symbol Side Price Position
2021-08-17 09:53:08 CLSK sell $10.930 short
2021-08-17 10:04:56 CLSK sell $11.140 short
2021-08-17 10:38:03 CLSK buy $11.008 0


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