My first trade on this was for the ORB breakout but this was running into the VWAP so it was a no setup. Would have been nice if it, but this was longing into resistance.
The second setup was again longing into the VWAP, but I liked it because I waited for it to pop. Yes this was chasing a little bit, but I was also longing for an entry in above the VWAP and breaking over the HOD because I know there would be shorts covering there, and new buyers stepping in. The 5 min chart looked clean with some indecision, but when it popped over HOD, it was obvious who was winning the fight.
The third trade was picture perfect so obviously I wish I went bigger. I got in my first entry for the first 1 min candle to make a new high, but I got in a little early because this was bouncing. I added again when this broke the last candles high with a stop below the previous candle/VWAP. It wend sideways for a little then dipped down and I thought I was going to stopped out, but it bounced off VWAP and MAs and the 5 min chart was making a new high and I added to the position. I sold half my position near $5.00 and then sold the rest into strength when it broke $5.00. Something I could improve on, on this was to use limit orders when the stock is moving up fast. I use market orders and I'm probably getting filled $0.03-$0.05 lower than what I wanted to.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-05-31 09:32:47 | CBIO | buy | $4.580 | long |
2017-05-31 09:33:37 | CBIO | sell | $4.480 | 0 |
2017-05-31 09:40:42 | CBIO | buy | $4.550 | long |
2017-05-31 09:40:46 | CBIO | buy | $4.650 | long |
2017-05-31 09:42:04 | CBIO | sell | $4.730 | long |
2017-05-31 09:42:11 | CBIO | sell | $4.770 | long |
2017-05-31 09:42:17 | CBIO | sell | $4.810 | long |
2017-05-31 09:42:29 | CBIO | sell | $4.820 | 0 |
2017-05-31 09:48:41 | CBIO | buy | $4.790 | long |
2017-05-31 09:49:21 | CBIO | buy | $4.810 | long |
2017-05-31 09:55:08 | CBIO | buy | $4.810 | long |
2017-05-31 09:55:11 | CBIO | buy | $4.870 | long |
2017-05-31 09:55:49 | CBIO | sell | $4.950 | long |
2017-05-31 09:55:55 | CBIO | sell | $4.920 | long |
2017-05-31 09:57:09 | CBIO | sell | $5.070 | long |
2017-05-31 09:57:16 | CBIO | sell | $5.060 | long |
2017-05-31 09:57:55 | CBIO | sell | $5.060 | long |
2017-05-31 09:58:42 | CBIO | sell | $5.150 | long |
2017-05-31 09:59:08 | CBIO | sell | $5.110 | 0 |
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