Shared by
GJ_Trades
Waited for a rejection and shorted the $3.00-line. I added one more line ($3.20) to give the stock some room to breath. STP was $3.31. After I noticed that the stock had massive problems to break that $3.20 level I recycled the shit out of it. Covered the whole position after it failed to break $2.80 (VWAP).... happy I bailed!
Never showed weakness again so no more trade for me.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-11-03 09:45:46 | PTPI | sell | $2.950 | short |
| 2021-11-03 09:46:22 | PTPI | sell | $3.170 | short |
| 2021-11-03 09:47:05 | PTPI | buy | $2.950 | short |
| 2021-11-03 09:47:48 | PTPI | sell | $3.170 | short |
| 2021-11-03 09:50:02 | PTPI | buy | $2.930 | short |
| 2021-11-03 09:51:20 | PTPI | sell | $3.170 | short |
| 2021-11-03 09:51:46 | PTPI | buy | $2.970 | short |
| 2021-11-03 09:54:13 | PTPI | sell | $3.170 | short |
| 2021-11-03 09:56:03 | PTPI | buy | $2.970 | short |
| 2021-11-03 09:57:22 | PTPI | buy | $2.960 | 0 |
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