Don't trade stock above $10, because they are less predictable and resolve less often because of their higher price, and thus fewer traders have the buying power to get in.
Daily chart:
Extended enough on the day => almost 100% intraday.
Entry:
- Right at the resistance on the daily chart, don't underestimate these daily levels. They are among the most significant.
- Topping-tail candles indicate weakness in the stock
- Entry candle closed red and on high volume which indicates a reversal, get out and find a better entry (if any).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-31 14:03:59 | BTBT | buy | $22.548 | long |
2020-12-31 14:07:01 | BTBT | sell | $21.850 | long |
2020-12-31 14:08:58 | BTBT | sell | $21.420 | 0 |
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