So this was my favorite play, the consolidation, the range, call it whatever you want, stock break above that consolidation area came to test its high of that consolidation area, act as support and trades higher, sold it at 80 cents area because of the potential resistance level, and I learned from the open in GILD, stock came to level-take profit, hold the level-reenter, this is exactly what I did, I sold the pos, saw it holds 75 cents, it was tonnnn of volume done there, so I got that 75 cents, it trades a bit higher, came back to 75 cents and start to buy again, I hit it when it drops, and now in my head I have a picture of stock that has a hell of the held bid, I was saying it was unusual hold on the bit at 75 cents, so it drops, so I carefully wait for pullback to short it, stock back to 75 cents, it was 78 cents I guess, I saw bids can’t hold 75 cents so I hit it, covered it very fast because I was playing the quick scalp and nothing more, stock in crazy uptrend so why the hell I need to stay in short for a long time, that's all.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-23 14:02:08 | SNAP | buy | $42.340 | long |
2020-10-23 14:06:57 | SNAP | sell | $42.790 | 0 |
2020-10-23 14:09:09 | SNAP | buy | $42.750 | long |
2020-10-23 14:11:39 | SNAP | sell | $42.670 | 0 |
2020-10-23 14:15:09 | SNAP | sell | $42.760 | short |
2020-10-23 14:19:17 | SNAP | buy | $42.570 | 0 |
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