Shared by
Teyrex_Trading
OTC Swizzle setup on a hot stock with news regarding their CBD cannabis product and Walmart.
The following morning KBEVF gaped down and washed out, the price action dipped to .60 and bounced so I figured I would see it it could recover and push back to highs however it pulled back where I made the call to sell the rest of my 4k shares at .595 which was just slightly above my Buy avg at .586.
I then attempted a dip buy for a scalp buying 4k shares at .5712 and sold at .5794 for small gains. This was the right call since I didn't want to risk off the bottom of the last dip because there would be to much slippage when it broke and I was right. this was a good call to exit early and take small gains.
Zoom in closer to show my entries and exits on Feb.28/2019
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-27 12:06:32 | KBEVF | buy | $0.5500 | long |
| 2019-02-27 13:47:10 | KBEVF | buy | $0.5900 | long |
| 2019-02-27 14:33:56 | KBEVF | buy | $0.5735 | long |
| 2019-02-27 14:33:56 | KBEVF | buy | $0.5735 | long |
| 2019-02-27 15:16:28 | KBEVF | buy | $0.6083 | long |
| 2019-02-27 15:18:52 | KBEVF | buy | $0.6400 | long |
| 2019-02-27 15:56:47 | KBEVF | sell | $0.6751 | long |
| 2019-02-28 09:33:59 | KBEVF | sell | $0.5950 | long |
| 2019-02-28 09:34:02 | KBEVF | sell | $0.5950 | long |
| 2019-02-28 09:34:03 | KBEVF | sell | $0.5950 | long |
| 2019-02-28 09:34:09 | KBEVF | sell | $0.5941 | long |
| 2019-02-28 09:34:09 | KBEVF | sell | $0.5941 | 0 |
| 2019-02-28 09:34:54 | KBEVF | buy | $0.5714 | long |
| 2019-02-28 09:34:54 | KBEVF | buy | $0.5714 | long |
| 2019-02-28 09:34:54 | KBEVF | buy | $0.5714 | long |
| 2019-02-28 09:49:13 | KBEVF | sell | $0.5794 | 0 |
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