Shorted into half dollar mark at VWAP awaiting a rejection there and a bigger tank down.
--> You need to cover after a major resistance line proves to act as resistance!
I stuck to my plan and added to my position at $5.70. My STP hit at $5.81.
--> My STP wasn't well chosen. $5.85 was major resistance and the stock needs room to breath. Stick to whole and half dollar marks!
--> Actually it was the exact same trade like yesterday on $DBVT. The second reclaim attempt is dangerous.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-03 10:05:55 | JAKK | sell | $5.480 | short |
2020-11-03 10:13:44 | JAKK | sell | $5.700 | short |
2020-11-03 10:17:30 | JAKK | buy | $5.810 | 0 |
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