Shared by
azamudio
one of those scenarios where I should have waited until the trade was more obvious. Gapped down on news that the France govt ordered search engines to remove WISH from searches due to risky products. Analyst sell rating and bigger picture down trend. My thought was people were probably just buying to follow the trend or a short squeeze. Once that was over, it would roll over. It tested 4.05 a lot of times. Failed the breakout the first time. Then the second time bearish engulfing pattern back below the breakout level. Stop above HOD. Tried to hold 20% for a bigger pullback but didn't happen.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-11-24 11:07:07 | WISH | sell | $4.000 | short |
| 2021-11-24 11:17:37 | WISH | buy | $4.040 | 0 |
| 2021-11-24 11:54:09 | WISH | sell | $4.032 | short |
| 2021-11-24 12:05:39 | WISH | buy | $3.980 | short |
| 2021-11-24 12:18:51 | WISH | buy | $3.930 | short |
| 2021-11-24 12:29:43 | WISH | buy | $3.870 | short |
| 2021-11-24 12:40:09 | WISH | buy | $3.929 | 0 |
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