Symobol: CPAH
Price shorted 5. 32 (avg 5.09)(9.5)
Price:wanted- 5.18(9.5)
cover price. 4.67(9.5)
Risk Reward- 1:3(9.5)
Pattern- Shorting lower highs(8.5)
Position Size Comfort(PSC)-10
Chart Pattern-9.5
Confidence-10
Setup(10)
overall trade(9.3)
Commentary-Shorted near the top as I saw it already had a hard pull previously and thought this might be the top. Since I am understanding how these could keep going, but now the momentum slows down on days 2 and 3, I Scaled in 30 shares at a time. This made me comfortable as if it broke down i could add into bounces, but if not I could cut my loss and try again in the afternoon. after it cracked it did just that. The only thing I would do different is cover at the bottom of a range in the morning lose 200 waiting for more drop after a 20% drop in the morning. Really good trade, good execution.
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Symbol-CPAH
PATTERN-BS
PRICESHORTED-4.67 AVG 4.82
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