Move happened previous day was skeptical to get in with 5 cent test pilot, but with a good news catalyst was released I felt I should give it a try with a tight stop loss of a hold and candle close under 2.50. there was a pullback and then a retest of entry area and after ross said he got stopped out I was more cautious still giving a little room I eventually felt inclined to exit once the volume began to subside. I felt at the time with the 5cent tick, low volume..and time of day it was best to get out...though later on it did make move to 2.70. I felt I made a good trade here, and also by training myself to quickly get out of losers it will pay off in the long run.. I feel I'm doing a great job of cutting losses recently...now I need to continue to save money and work on my accuracy.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-02 09:41:53 | CBMX | buy | $2.550 | long |
2016-11-02 09:50:15 | CBMX | sell | $2.550 | 0 |
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