Poor execution on CRBP. Traded it like a scalp play but should have traded it more like a swing play.
Novabay Pharmaceutical (NBY)
Pharmaceuticals – California USA
Gapping up after deal to sell assets. Low float so its moving with a decent amount of volatility. Entry for a scalp bounce off 0.75 and possibly scalp VWAP breakout. Was not confident that it would have strong momentum to reach 1.00 again, plus its premarket so a bit of extra risk, so exited as it nears 0.90.
- ENTRY – Avg Entry Price: 0.79
- ENTRY – Bias: Long
- ENTRY – Entry Time: Premarket
- ENTRY – Price Target: 0.9
- ENTRY – Quantity: 500
- ENTRY – Stop Price: 0.75
- ENTRY – Trend – Price: Flat
- ENTRY – Trend – Volume: Flat
- EXIT – Avg Exit Price: 0.8804
- EXIT – How to Improve: Bigger Size
- EXIT – Overall Grade: B
- EXIT – Profit: 45.21
- EXIT – Time: Premarket
- EXIT – Type: Full out profit taking
Corbus Pharmaceutical (CRBP)
Biotechnology – Massachusetts USA
Big sell off on sympathy news. Looking for a scalp break/reclaim of VWAP.
- ENTRY – Avg Entry Price: 18.5352
- ENTRY – Bias: Long
- ENTRY – Entry Time: Opening Drive (8:30-9:30)
- ENTRY – Price Target: 19
- ENTRY – Quantity: 25
- ENTRY – Stop Price: 17.76
- ENTRY – Trend – Price: Increasing
- ENTRY – Trend – Volume: Flat
- EXIT – Avg Exit Price: 17.72
- EXIT – How to Improve: More patience
- EXIT – Overall Grade: D
- EXIT – Profit: -20.3800
- EXIT – Time: Opening Drive (8:30-9:30)
- EXIT – Type: Stopped out
Corbus Pharmaceutical (CRBP)
Biotechnology – Massachusetts USA
Attempt #2. Big sell off on sympathy news. Looking for a scalp break/reclaim of VWAP.
- ENTRY – Avg Entry Price: 18.09
- ENTRY – Bias: Long
- ENTRY – Entry Time: Opening Drive (8:30-9:30)
- ENTRY – Price Target: 19
- ENTRY – Quantity: 25
- ENTRY – Stop Price: 17.5
- ENTRY – Trend – Price: Flat
- ENTRY – Trend – Volume: Flat
- EXIT – Avg Exit Price: 17.43
- EXIT – How to Improve: More patience
- EXIT – Overall Grade: D
- EXIT – Profit: -16.5000
- EXIT – Time: Opening Drive (8:30-9:30)
- EXIT – Type: Stopped out
Corbus Pharmaceutical (CRBP)
Biotechnology – Massachusetts USA
Entry for breakout scalp over 20. Very poorly executed exited. Missed the exit near 20.50 and instead risked off just above 20.
- ENTRY – Avg Entry Price: 19.9485
- ENTRY – Bias: Long
- ENTRY – Entry Time: Opening Drive (8:30-9:30)
- ENTRY – Price Target: 21
- ENTRY – Quantity: 20
- ENTRY – Stop Price: 19.7
- ENTRY – Trend – Price: Increasing
- ENTRY – Trend – Volume: Increasing
- EXIT – Avg Exit Price: 20.035
- EXIT – How to Improve: Exited manually
- EXIT – Overall Grade: F
- EXIT – Profit: 1.7300
- EXIT – Time: Opening Drive (8:30-9:30)
- EXIT – Type: Full out profit taking