Shared by
VadimT7
Don't buy an extended stock. Wait for a proper dip. If a swing, look at higher timeframe dips (30min, 1h,4hr charts depending on the duration of the swing).
Sell the partial earlier after having seen a double wick rejection, especially at around value ($18.00)=> Corresponds to psychological resistance, and after a big gap-up like this one, the chances of it still having the force to continue are not big. So seriously consider taking the partial at the moment of multiple wick rejections and raise the SL to at least breakeven.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-13 10:29:43 | FSR | sell | $17.500 | short |
| 2020-11-13 10:37:06 | FSR | sell | $17.430 | short |
| 2020-11-13 10:38:53 | FSR | sell | $17.160 | short |
| 2021-02-22 10:21:02 | FSR | buy | $18.430 | 0 |
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