CBI looked promising on the intraday. Strong volume surging in morning. Then it pulled back to 20EMA and rode that up to the VWAP. It mounted VWAP (and this also happened to be a move above the 20 MA on the daily chart) and I entered here with a stop at 15.26. Stopped myself out when the price took a nosedive.
This is my first time attempting to trade a market that is going sideways like this. I find that a lot of stocks (most in fact) are doing these types of fake outs. It's not easy so I'm attempting to scale back my entry sizes and take profits ASAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-04-12 02:23:00 | CBI | buy | $15.420 | long |
2018-04-12 02:31:00 | CBI | sell | $15.280 | 0 |
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