Shared by
Gimani
Chased this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-27 10:54:27 | CPRX | buy | $2.140 | long |
| 2013-08-27 11:05:41 | CPRX | sell | $2.070 | long |
| 2013-08-27 11:05:41 | CPRX | sell | $2.070 | 0 |
Comments
mb_willoughby
you bought a bit high. you have to be careful on $2 stocks. a few pennies is a lot on a cheap stock. As nape said closer to 2.05 would have been better.
Gimani
ckz8780
also look at that first candle of the day. it faded like 20 cents off the high and then closed the candle red, followed by 2 more red candles. If you consider that, then right off the bat this stock, even though it was up a lot for the day, gave back 27% of its gain in the first 15 min. That is a pretty big indication of weakness and that any longs will most likely fail. If a stock gaps like this and is strong IMO it should go hard and go right away.
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to high on entry.. $2.05 would have limit your risk.