what went wrong with this trade?

[rcsmie]

information insufficient.
vital information missing.

please indicate which financial instrument you were trading,
and indicate on the chart when you longed it.

It says at the top left corner, I guess it's a bit dark to be able to see.
The ticker is CPTA, the entry was marked by a yellow line above the last candle on the right-hand side, the line represents the price 2.76.

 

[maxinger]

It says at the top left corner, I guess it's a bit dark to be able to see.
The ticker is CPTA, the entry was marked by a yellow line above the last candle on the right-hand side, the line represents the price 2.76.

You have to focus on the Big picture rather than the P thing.

Big picture :
peak price was around $20. price has been going down since 6 years ago.
Recently price went down decisively ( this is the 3rd decisive down movement ) in early Mar 20, after breaking the rising trend line.
Subsequently, from mid Mar onwards, price is moving in range (around 2 to 4.5 level).

question traders might ask is : will there be 4th decisive down movement?

I see that there was significant increase in volume on 15 Jul , Wednesday.
That was probably the day you longed the stock.
Personally, at this moment, I'd find it difficult to profit from trading such stocks.
If I were to trade such stocks, I'd trade with very small quantity

 

[Erin]

My chart is a 2hr - but I would have considered that price gap where we had sell orders that turned to buy orders - the question is will the buys continue to hold here