1)
Stock has a 60-80 cent range, broke above 80 cents-went to 95 cent, slowed down around 80 cent on the way back-broke below 80- I hit the bid.
Covered the stock because I realized that it can't lose 65 cents for few minutes and it always jumped back above 70 cents.
2)
So now I understand that we have a support at 65 cents and I play off it, stock was in a range 65-68 cents-brole above 70 cents- I got in risking that 65 cent
Sold it near $24(PM level)
3)
When I watched the record from that session I realized that better entry for this was at 24.05 cent, 06 cent was a resistance on the way up with good offer-it was taken after few tries, on the way back that 6 cents showed a bit support but crashed pretty quickly, I got in at 94 cents, it was obvious support area on the tape, we lost 95-I hit the bid
Stock came to 70 cents area I covered it because it was support from the morning and I saw the bounce there
4)
Remember that 65 cents from second trade? RIght it dropped and I hit it.
Covered below 23.50(PM level)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-14 09:41:16 | DBX | sell | $23.790 | short |
2020-12-14 09:48:21 | DBX | buy | $23.750 | 0 |
2020-12-14 09:51:27 | DBX | buy | $23.730 | long |
2020-12-14 09:56:41 | DBX | sell | $23.990 | 0 |
2020-12-14 10:05:07 | DBX | sell | $23.940 | short |
2020-12-14 10:09:56 | DBX | buy | $23.700 | 0 |
2020-12-14 10:11:29 | DBX | sell | $23.670 | short |
2020-12-14 10:14:50 | DBX | buy | $23.460 | 0 |
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