My only trade today was CATB. Patients and sticking to my trading plan paid off nicely on this play today.
My first two shorts on this were in the AM and unsuccessful. I was down by just under $1000 after those two plays. What I did right though was not get stubborn and stick to my trading plan and cut the losses at my planned stop loss targets. My third short was at what ended up being the HOD. I added after the first pull and covered into the wash under VWAP. I was proud of the adds on this as adding to a winner is something I am working on. My last short on this was after it stuffed hard the 7.50’s for a third time. The short was a little bit of a chase so I took a smaller size. I covered 1/2 on the pull to 6.50 support and held the rest hoping for a pull to $6. I did not quite get that big of a pull and covered the rest at 6.17.
