Shared by
Brownguy316
I traded this as support held around 6 which was near a pivot high of the IPO price. I added as the price broke above the HOD. Then was stopped out of the trade. I re-entered as the price failed to drop or even retest the HOD area. This went on to test daily rest, and ultimately break above the 52-week high. I captured about a 20% gain from this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-11-08 12:19:00 | PPSI | buy | $6.150 | long |
| 2021-11-08 13:08:00 | PPSI | sell | $6.560 | long |
| 2021-11-08 13:24:00 | PPSI | buy | $8.210 | long |
| 2021-11-08 13:28:00 | PPSI | sell | $8.020 | 0 |
| 2021-11-08 13:31:00 | PPSI | buy | $8.150 | long |
| 2021-11-08 13:48:00 | PPSI | sell | $9.630 | long |
| 2021-11-08 13:50:00 | PPSI | sell | $10.490 | 0 |
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