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Shared by
jakerock25

 

MOMO

Aug 28, 2019 12:11


Tags:

whole number rejection second day play

MOMO came to 35.00 to the penny and failed, then started to hold lower below 35. I started in with just 10 shares, looking to add if it popped to .95 or so and load the boat short with risk at 35.01 as there were decent sized offers at 35.00 and .97 or so. I took partials once I was up about what I was risking and I took the rest off when it looked like it was going to break above .80 but this was rather impulsive as it didn't actually break above that; I was trading my position instead of the chart and was afraid to give back SMALL profits; I need to just set a proper stop on the rest and let it work instead of panicking out like this.

B+ setup


Execution detail:

Date/time Symbol Side Price Position
2019-08-28 12:11:00 MOMO sell $34.870 short
2019-08-28 12:29:32 MOMO buy $34.740 short
2019-08-28 12:32:29 MOMO buy $34.780 0


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