Shared by
traderatnight
-2.88M float + news catalyst + higher time frames showing bullish action
-this was trending above the vwap all pre market so the downside risk was very small
-price action adding on confirmation of $12 hold
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-09-15 09:30:22 | INDP | buy | $12.026 | long |
| 2021-09-15 09:31:12 | INDP | buy | $12.000 | long |
| 2021-09-15 09:32:56 | INDP | buy | $12.010 | long |
| 2021-09-15 09:34:05 | INDP | sell | $12.460 | long |
| 2021-09-15 09:34:21 | INDP | sell | $12.470 | long |
| 2021-09-15 09:34:32 | INDP | sell | $12.800 | long |
| 2021-09-15 09:34:40 | INDP | sell | $13.050 | long |
| 2021-09-15 09:40:05 | INDP | sell | $13.574 | long |
| 2021-09-15 09:41:00 | INDP | sell | $14.180 | 0 |
Comments
traderatnight
It was the only stock that was still getting attention in pre market. It was also trending above the vwap as I mentioned in my notes. So when it’s a relatively ‘slow’ day, and only one stock is still getting eyes on it, that tells me it’s the most popular stock and that there’s ‘potential’ for a higher move. I don’t care that the stock is already up 66%, because it can easily go 100% which it did. I knew that shorts would want to short this stock on a slow day since there was nothing else really.
Boncj
Many thanks for your insights. I have checked your other trades and your trade set ups is one that I want to learn and master. Thanks for sharing and may your trading continue to flourish.
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Very nice entries. Congrats on this.
Can you share your trade idea why your bias was for the stock to go higher at the open or a few minutes after, considering that pre-market, it has already risen by 66%. ty