Same idea as CLNT trade. Had a nice daily breakout popped in the morning and came back down. Started catching higher lows so I bought the dip. Bought 6.55 risking the 6.4 daily breakout level. I gave it time and after repeatedly testing that 6.75 level and having no buying pressure to get through I cut it off. That .75 wash getting smack and all bounces were being sold into pretty hard. I cut off a little before risk which is not what I like to do but it was not out of emotion, it was because the action clearly was telling me it could not go higher, so I cut off scratch. Good thing as it went down to 6 later in the day. Solid r/r if it had worked, gave it time and it didn't work. I can live with that. Not ETB and float of 20ish million shares was not ideal for squeeze either. On to the next one
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-10 10:42:16 | CNAT | buy | $6.550 | long |
2017-04-10 11:53:39 | CNAT | sell | $6.640 | 0 |
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