This was not a good trade at all. I saw that the stock made another big intraday run and was pulling back. I was thinking this could have more power and break the $1.00 mark but of course, that was breaking my rule of longing into resistance. Also, the previous day was the first red day from the big move the stock had made. This is a BIG NO NO. I know this is where short sellers are interested in beginning their short and people are starting to take profits. This trade was not smart so I got out for a small loss. There wasn't anything really going on this day so this was a boredom trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-26 10:06:43 | CYTR | buy | $0.8435 | long |
2017-04-26 10:06:51 | CYTR | buy | $0.8435 | long |
2017-04-26 10:07:03 | CYTR | buy | $0.8425 | long |
2017-04-26 10:07:55 | CYTR | buy | $0.8426 | long |
2017-04-26 10:08:47 | CYTR | sell | $0.8347 | 0 |
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