Shared by
GJ_Trades
Shorted a pop after the DC and awaited the DC not to reclaim, therefore my STP was at the top of the candle.
--> The thesis is ok, the problem is that I didn’t short p/m highs afterwards, risking a few cents. Furthermore my “DC” didn’t tank through VWAP, so I didn’t have much confirmation that the stock was broken. Chances of p/m to break were tiny. Having the loss was totally ok but missing out on the next opportunity was stupid.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-29 09:39:03 | TENX | sell | $2.380 | short |
| 2020-12-29 09:42:00 | TENX | sell | $2.550 | short |
| 2020-12-29 09:42:56 | TENX | buy | $2.650 | 0 |
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