I missed the initial run-up, but volume was good and I waited for it to break through previous high @ 3.70 (maybe a bit early, but I could tell it was going to run) before entry.
Very quick scalp, as I knew it was already pretty extended. 50% scale-out on exit; in and out in less than 7 minutes I believe.
I am watching for these and the momentum they have - I had a similar situation the next day and used a much bigger order size and doubled my money.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-03 09:35:18 | CHK | buy | $3.700 | long |
2016-03-03 09:37:16 | CHK | sell | $3.820 | long |
2016-03-03 09:39:18 | CHK | sell | $3.910 | 0 |
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