RVOL: Possibly >1.5
pmVOL: Possibly >50 K
avg Vol: > 1M
Vol @ Day : > 1 M
Gap: If possible but not strictly needed
Long Term Chart : Possible Pocket, trend already defined and strength.
Float: > 20 M
Short Float: Possibly >40%
Institutional Ownership : Possibly > 100%
History of Gap Follower: Neutral
History of former runner: Possibly YES
Major ETF movement and strength: Possibly Trending with strength
CYBR opened the day gapping up but with no consistent volume. Reason why I didn't trade it at first.
At high of the day I have tried to spot a good entry but the overall scenario didn't give confidence to stay in the trade. Exited at first pullback following what I was feeling. Price action sucked and I hate to stay in a position I don't feel comfortable.
06/08/2019:
I am happy that I no longer make these kind of considerations. If there was no setup to follow why I have traded it? Price action didn't suck, I sucked at this trade! If there was no volume at the open why should have then come in later when I have opened the position?
The entry would have been above pm highs that I guess was around 101 or just at the break of the 100 level. Eventually after 11 a second attemp could have placed at the break of 102
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-14 11:43:21 | CYBR | buy | $102.710 | long |
2019-02-14 11:44:24 | CYBR | sell | $102.610 | 0 |
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