Why I sold CLDR Cloudera

Bought on ipo day/ Have to be careful with many ipos. After lockup period the stock price crashes. I got burned back in 2015 with HDP Horton Works ipo, one of my positions was down over 70%, now it is down 50.58%. This is one of the reasons why I have gone into short term trading and focus on getting the profits. Unless a stock breaks out of a trading range, it is best to trade it, than hold on it for a long term investment.  If held would be down -$249.90, that would been a loss for $1860.90 of capital invested,  -13.43% loss. Price as

6/15/2017 is $16.11/share.

Fri Apr 28 12:31:24 2017 Buy 100 CLDR Executed @ $18.56

Sold into strength after $400 gain. RSI overbought

Wed May 24 11:07:07 2017 Sell 100 CLDR Executed @ $22.673

Profit $401.

 Monthly chart of CLDR

 Daily Chart of CLDR