Shared by
silverholden
I had CHTP on watch for a rubberband play after the drastic drop last week. I went into this with the intention of a day trade with a 3.75ish target. It opened red, quickly turned back up, and when it went green I entered. I missed my entry just a bit. I set my stop at 3.45, which was supported by MA and both 30 minute and 5 minute charts. Obviously this did not bounce, and it fell apart afterward. I probably should have set my stop at 3.50, as this trade depended up the stock staying green on the day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-06 10:16:03 | CHTP | buy | $3.540 | long |
| 2014-01-06 10:16:03 | CHTP | buy | $3.540 | long |
| 2014-01-06 10:53:46 | CHTP | sell | $3.450 | long |
| 2014-01-06 10:53:46 | CHTP | sell | $3.450 | long |
| 2014-01-06 10:53:46 | CHTP | sell | $3.450 | long |
| 2014-01-06 10:53:46 | CHTP | sell | $3.450 | 0 |
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