Shared by
bobogboye
Textbook ABCD set up from @Investorslive around 8:56 EST. Got long for pre-market high test. Sold tooo early.
Will definitely be adding this to my Playbook.
Intra-day Fundamentals
- Big runner with massive range. One of the hot chicks for the day
- Huge volume day (Big opportunity)
- Strategy (Shorting lower highs on over extended charts/runners)
- Technical - Pre market High -16 , Lower High 15.68, Pre market low 13. 2
Things I could have done better
- Once the lower high kept confirming, I should have been adding back on each pull back or recycling my shares around the core (The range on the stock will permit.
- When the minor resistance level held and based, i should/Could have added there.
- When the premarket high broke right at the open,i could have added for a quick momentum up (Open-premarket high break is a high probability set -up**)
Things I Did well
- Recognizing the gearing and perking abcd pattern
- Identifying key pre - market levels.
- Covering remainder of scalp short position on recognizing the gearing and perking ABCD pattern.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-04-24 09:01:57 | MESO | buy | $14.000 | long |
| 2020-04-24 09:05:44 | MESO | sell | $14.500 | long |
| 2020-04-24 09:09:02 | MESO | sell | $14.400 | long |
| 2020-04-24 09:09:09 | MESO | sell | $14.330 | long |
| 2020-04-24 09:30:31 | MESO | sell | $17.170 | long |
| 2020-04-24 09:35:45 | MESO | sell | $18.536 | long |
| 2020-04-24 09:38:27 | MESO | sell | $20.000 | long |
| 2020-04-24 09:39:16 | MESO | sell | $18.220 | long |
| 2020-04-24 09:47:22 | MESO | sell | $15.835 | 0 |
Comments
faisalahmed
damm that was amazing trade for you this killed me almost
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This is the first trade that i'm proud of the execution (On the long side)