Shared by
GJ_Trades
Fantasy order didn't get executed @ $1.98. Skipped the $2.00 area after the stock reclaimed and shorted $2.10. Nailed and bailed.
I noticed that the stock acted strong and awaited a squeeze. The squeeze happened. Nevertheless p/m highs acted as resistance so my initial plan to scale into p/m highs would have worked.
--> Glad I assessed price action right and avoided the whole move though!
I assumed that top was set after the 9:53 a.m. candle happened but hesitated to short the bounce. --> Great risk/ reward there, just do it!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-30 09:32:35 | BNGO | sell | $2.090 | short |
| 2020-12-30 09:34:00 | BNGO | buy | $1.950 | 0 |
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