Type of Trade: Low float runner
Initial Entry: $13.70
Plan: Fade all afternoon stop on $14.00
Entry Notes: Liked that it gave me a defined risk at $14, while it is low float, it is not churning through the float with high volume like recent runners. Figured I’d try the fade. Add under $13.50
Update: Pulled hard, covered into it, I have steaks on the grill so I’ll take the easy profit.
Partial Exit: $13.31
Final Exit: $13.64
Closing Notes: Only got a partial fill at $13.31 so I waited a couple minutes, crappy closing price but it was only a couple hundred shares. Again my lack of conviction shows, but its Friday and as mentioned above I’m trying to eat lunch.