$CBIO gapped up and went on a RUN! it's extremely low float and ran straight up. I shorted 100 shares at 14.09 when it was running into its daily 200 ma. Fine in theory maybe but i should have waited for an actual breakdown pattern because it just ran straight through it all the way to $19! I stopped out at 14.60, maintaining my $50 risk per trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-03-28 09:52:15 | CBIO | sell | $14.090 | short |
2017-03-28 09:53:23 | CBIO | buy | $14.600 | 0 |
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