Shared by
dpaleo
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Holy shit made money long a cheapie! Tiny size but thesis was on point: Name shoulda died, it already tested/rejected $9.5 twice so this time it was gonna go through and squeeze stubborn shorts, which is usually me. Kind of a weak hand holding esp bc was thinking $11.60s but fact I was long and not yet short, and even with bear bias was able to be objective and play it long is a great step.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2020-07-24 14:01:19 | MIST | 100 | $9.440 | 100 |
| 2020-07-24 14:01:19 | MIST | 2 | $9.440 | 102 |
| 2020-07-24 14:01:19 | MIST | 98 | $9.450 | 200 |
| 2020-07-24 14:01:19 | MIST | 300 | $9.440 | 500 |
| 2020-07-24 14:01:19 | MIST | 1000 | $9.450 | 1500 |
| 2020-07-24 14:01:19 | MIST | 100 | $9.440 | 1600 |
| 2020-07-24 14:01:19 | MIST | 100 | $9.430 | 1700 |
| 2020-07-24 14:01:19 | MIST | 1000 | $9.450 | 2700 |
| 2020-07-24 14:01:19 | MIST | 100 | $9.430 | 2800 |
| 2020-07-24 14:01:19 | MIST | 200 | $9.450 | 3000 |
| 2020-07-24 14:09:58 | MIST | -900 | $9.930 | 2100 |
| 2020-07-24 14:09:58 | MIST | -100 | $9.930 | 2000 |
| 2020-07-24 14:11:09 | MIST | -400 | $10.190 | 1600 |
| 2020-07-24 14:11:09 | MIST | -100 | $10.190 | 1500 |
| 2020-07-24 14:11:19 | MIST | -100 | $10.340 | 1400 |
| 2020-07-24 14:11:19 | MIST | -100 | $10.340 | 1300 |
| 2020-07-24 14:12:50 | MIST | -100 | $10.640 | 1200 |
| 2020-07-24 14:12:50 | MIST | -100 | $10.640 | 1100 |
| 2020-07-24 14:15:47 | MIST | -400 | $10.470 | 700 |
| 2020-07-24 14:15:47 | MIST | -100 | $10.470 | 600 |
| 2020-07-24 14:15:47 | MIST | -100 | $10.470 | 500 |
| 2020-07-24 14:19:05 | MIST | -17 | $10.290 | 483 |
| 2020-07-24 14:19:05 | MIST | -182 | $10.300 | 301 |
| 2020-07-24 14:19:05 | MIST | -1 | $10.300 | 300 |
| 2020-07-24 14:21:54 | MIST | -300 | $10.190 | 0 |
Comments
mrideout
Very nice entry on the 1 min chart and 5 min. Formed an ABCD and you took it long on the 1st 5 min new high after the pullback. Textbook entry, love it. Scaling out looked good too. Well done on the awesome long trade!
CapitalMastery
Since you're watching these names all day anyway, while waiting on the short, might as well take the stairs up, before riding the elevator down!
dpaleo
ur exactly right Rawtradez. What's the saying in technical analysis? "No such thing as a triple bottom (or top)." That was def a high probability scenario
CM - def need to get better or at least try and scalp long side in these as well.
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I don't know what it is about that "3rd times a Charm" lol.. Seems like when a level is tested twice and comes back a 3rd time, it has a high chance of breaking thru!