ON Gapped up huge, with a lot of gap fill potential. Took two trades short, trying to enter more on the upside of the structure, rather than the breakdown. In these two cases that worked out fine.
In my first trade I did not take profit at my target, but got another chance and took it.
The second trade showed a promising continuation as certain levels held, so I entered once more. Because I did not have a clear target, I manually trailed the position until I got stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-08 09:35:17 | ON | sell | $31.950 | short |
2020-12-08 09:54:31 | ON | buy | $31.640 | 0 |
2020-12-08 10:00:23 | ON | sell | $31.830 | short |
2020-12-08 10:20:04 | ON | buy | $31.660 | 0 |
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Gutsy entries 👌
Nice covers ✅
Congrats on a nice trade.