I compare the previous 5-min chart, which gives me a lot of insight into how this stock will go. The stock does have memory. The maximum prices reached about 7:50 am which is exactly what happened today! It gives me confidence even though there is some difference. In the premarket, the second wave is much stronger than the previous chart. The float rotation more than 5:1 in the first hour. Which is not safe for the first hour shorting. That is why it bounced several times. The last 50 shares were a mistake. The second wave of longing hit around just before 10 am. I should focus on monitoring the price. This second longing wave scared me covering out the last 50 shares at 5.17$ with a market order. When making a profit, I covered during the downtrend. This is a good operation because as my position getting less, I feel much less stressed.
Figure 1. This is today.
Figure 2. This is a historic trading day. Interestingly, they are almost the same in terms of pattern timing, especially in the premarket. But today's volume is much higher than the previous running.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-05-11 07:59:51 | APOP | sell | $5.400 | short |
2020-05-11 08:57:48 | APOP | sell | $5.200 | short |
2020-05-11 09:31:45 | APOP | buy | $5.000 | short |
2020-05-11 09:33:29 | APOP | buy | $4.700 | short |
2020-05-11 09:33:29 | APOP | buy | $4.700 | short |
2020-05-11 09:44:46 | APOP | buy | $4.400 | short |
2020-05-11 09:56:47 | APOP | buy | $5.170 | 0 |
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