There was consolidation between $1.25-$1.30. There was accumulation, and I longed when volume came in on the 5m. I thought there would be a much bigger move to the upside, but that came when I got out of the position.
I was risking 4 cents on this trade. It was a quick trade; I could not do much on it.
-Use more size on breakout plays.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-01-17 13:50:00 | CVO | buy | $1.310 | long |
2018-01-17 14:04:00 | CVO | sell | $1.400 | long |
2018-01-17 14:07:00 | CVO | sell | $1.360 | 0 |
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