Why: Momentum play, held the intial support from previous day and PM and had a nice push in the AM. Low vol push gave me a good intial entry to risk of low of the day, also saw great ticks on the take showing lots of buying pressure. Good risk to reward, room to 6.80s+.
How: Took 3 tiers, first after pullback from initial push in the AM at 5.51, SL was under LOD. Then second tier was after I saw strength and buying pressure on the tape. Last tier was after the break of high and test of 6. After that execution got a little sloppy. Scaled out at HOD, under the previous close, then on a pullback after failing to break the previous close, held last piece to my PT of under the previous HOD from last week.
What: Should of scaled out a bit better, was a bit timid on holding for a larger move given the lack of follow through the last couple days. Other than that my adds were decent, just need to work on my exit strategy with this one.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-09-21 09:40:59 | CRVS | buy | $5.510 | long |
2021-09-21 09:56:03 | CRVS | buy | $5.560 | long |
2021-09-21 10:19:48 | CRVS | buy | $5.700 | long |
2021-09-21 10:31:00 | CRVS | sell | $5.870 | long |
2021-09-21 10:32:56 | CRVS | sell | $5.930 | long |
2021-09-21 10:49:15 | CRVS | sell | $6.150 | long |
2021-09-21 10:56:48 | CRVS | sell | $5.870 | long |
2021-09-21 11:36:17 | CRVS | sell | $6.730 | 0 |
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