Gapper in the morning on some P.R or an upgrade. It looked like there was some resistance on the daily at $12.58. It did not gap over it but it broke it. I bought it, and it got up to around $12.70 and then fell over. Not the move I was looking for. While I was in the trade I noticed that I forgot to check the float and realized that the stock had a float of 150 million. Looking back on the trade, where I messed up was not checking the float, I will come up with a trading checklist when trading gappers.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-03-23 09:47:00 | FEYE | buy | $12.600 | long |
2017-03-23 10:15:00 | FEYE | sell | $12.400 | 0 |
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