Shared by
MikeD_BOWS_
Because I was already up some I decided to give this very low float CHFS a go, as it gapped on news. Biggest mistake was not recognizing it had already failed at a key resistance on the daily. The volume just wasn't there any longer. It confirmed by mounting the 9EMA and so I added in and raised my stop keeping it pretty tight. As it started to break up further I added even more and I think perhaps I was a bit too aggressive. When it pulled back I was stopped out at my first buy in price.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-04-05 10:21:00 | CHFS | buy | $2.950 | long |
| 2018-04-05 10:22:00 | CHFS | buy | $2.980 | long |
| 2018-04-05 10:26:00 | CHFS | buy | $3.030 | long |
| 2018-04-05 10:34:00 | CHFS | sell | $2.950 | 0 |
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