Shared by
ATraderDiary
This is a salad mix I would say and have done lots of errors.
- stock was gapping up and was on his first day long - I tried to short the stock // NOT A SMART MOVE.
- First resistance level I was watching failed and I took the loss, however, since in multiple occasions happens one more spike before dropping I entered again after the spike and big red candle on volume - plan failed however I was able to regain the loss with a small profit, which I gave back after a minute when I decided to short again on a pull back.
Having seen the stock behavior I should have left this ticker alone instead I waited for the next resistance level and shorted again, again I recovered the loss and was on small profit which I gave back just few minutes after when again I tried to short on a pull back for the down continuation.
Finally I saw an H&S forming and went for that play, which I kind of leveraged as I was looking to recover my losses and having a good profit, but the formation didn't break and one I realize that another up move was going to happen, I covered the short just before the squeeze.
It is useless to say that of course when I decided to turn the page the stock started his decline.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-29 09:58:00 | HGEN | sell | $24.140 | short |
| 2021-03-29 10:00:00 | HGEN | buy | $24.839 | 0 |
| 2021-03-29 10:02:00 | HGEN | sell | $24.140 | short |
| 2021-03-29 10:03:00 | HGEN | sell | $23.712 | short |
| 2021-03-29 10:05:00 | HGEN | buy | $23.400 | 0 |
| 2021-03-29 10:06:00 | HGEN | sell | $23.841 | short |
| 2021-03-29 10:08:00 | HGEN | buy | $25.720 | 0 |
| 2021-03-29 10:13:00 | HGEN | sell | $26.920 | short |
| 2021-03-29 10:16:00 | HGEN | sell | $25.761 | short |
| 2021-03-29 10:18:00 | HGEN | buy | $25.460 | short |
| 2021-03-29 10:18:00 | HGEN | buy | $25.380 | 0 |
| 2021-03-29 10:21:00 | HGEN | sell | $25.883 | short |
| 2021-03-29 10:27:00 | HGEN | sell | $27.010 | short |
| 2021-03-29 10:28:00 | HGEN | buy | $28.084 | 0 |
| 2021-03-29 10:31:00 | HGEN | sell | $27.070 | short |
| 2021-03-29 10:32:00 | HGEN | sell | $26.280 | short |
| 2021-03-29 10:40:00 | HGEN | buy | $26.799 | 0 |
| 2021-03-29 10:42:00 | HGEN | sell | $26.820 | short |
| 2021-03-29 10:42:00 | HGEN | sell | $26.820 | short |
| 2021-03-29 10:45:00 | HGEN | buy | $26.709 | 0 |
| 2021-03-29 10:45:00 | HGEN | sell | $25.951 | short |
| 2021-03-29 10:49:00 | HGEN | sell | $25.850 | short |
| 2021-03-29 10:51:00 | HGEN | buy | $26.910 | 0 |
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