Float - 78M, FS% - 22.05%, ATR - .27, AVOL - 2.7M, RVOL 4.3
PIR was in play after reporting earnings. It gapped down to 4.25 but had recovered to open at 4.67. It went down to 4.60 and quickly found support. The 4.60 area was a clear level on the daily chart. Once it broke above the open high of 4.90 I entered. The stock moved from 4.60 to 4.90. 5.18 was the soft gap fill and my target since that was the same length as the morning move. I sold too soon and left too much on the table. The stock eventually went right to my target. I have to be better at holding to the targets i set and not scalping small wins in my best trades. Also, I traded this with 300 shares and my risk was to 4.85. I should have had 600 shares making my risk $30. I have got to be better at sizing so all my trades are equal unless they are A+ then i can be bigger.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-29 10:20:48 | PIR | buy | $4.900 | long |
2017-06-29 10:26:54 | PIR | sell | $5.000 | long |
2017-06-29 10:41:34 | PIR | sell | $4.980 | 0 |
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