Stock Information
Float: 25.59M
Shares: 34.95M
First green day pattern, started buying the hold of the 1.35 but got out on the wash. Didn't have a conviction that the stock was going to hold because I had a short basis on it, from past shorts. The stock was heavy on the tape but it held very well. A lot of hidden volume and disappearing of sellers and bidders in the level 2. Kept getting out when the tape printed big size on the bid because it kept getting hit by the sellers. Important battles are the 1.35, 1.45 of the breakout, and the soaking of the 1.40. SHould be more patience on my long when holding the stock. Avoid getting into stocks that are heavy and don't move a lot. We need to have ranged in order for the stock to be eaiser.
Pattern/Price 1-20 First green day 15
Risk/ Reward 1-20: 15, 1 to 3 from the 1.39 to the 1.55, first the plan was that the stock gets to the 1.80. We were going to take some off at the 1.59 but didn't get there. Have to react when the stock is topping.
Ease of entry 1-10: 4
Past performance 1-10: 5
At what time of day1-10: 6
Reason Catalyst 1-20: 16
Environment Market1-10: 8
Total: 69, not an ideal setup have to be more patient, and when you are in this kinds of plays look to take profits faster.
Solutions:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-09-18 14:24:56 | IGC | buy | $1.348 | long |
2018-09-18 14:30:03 | IGC | sell | $1.322 | 0 |
2018-09-18 14:39:37 | IGC | buy | $1.360 | long |
2018-09-18 14:52:44 | IGC | sell | $1.360 | 0 |
2018-09-18 15:03:40 | IGC | buy | $1.420 | long |
2018-09-18 15:06:42 | IGC | buy | $1.387 | long |
2018-09-18 15:34:25 | IGC | sell | $1.370 | 0 |
2018-09-18 15:36:10 | IGC | buy | $1.390 | long |
2018-09-18 15:41:28 | IGC | sell | $1.365 | 0 |
2018-09-18 15:48:41 | IGC | buy | $1.389 | long |
2018-09-18 15:55:30 | IGC | sell | $1.392 | 0 |
2018-09-18 15:56:22 | IGC | buy | $1.410 | long |
2018-09-18 16:00:37 | IGC | buy | $1.380 | long |
2018-09-18 16:25:34 | IGC | buy | $1.370 | long |
2018-09-18 17:51:12 | IGC | sell | $1.430 | long |
2018-09-18 17:52:29 | IGC | sell | $1.450 | long |
2018-09-18 17:54:18 | IGC | sell | $1.440 | long |
2018-09-18 17:57:00 | IGC | sell | $1.440 | long |
2018-09-18 18:40:33 | IGC | sell | $1.470 | 0 |
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