PIK Trade on Jan 12, 2022 10:50 from smiyaki: Tradervue User Stock Trades.

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smiyaki

 

WHY: Low float, runner in pm, daily chart had room, Good risk reward, held key levels inverse H&S.

HOW: Took this in two trades, got in after new Low put in then reclaimed previous low setting up inverse HS. After failed break of 7 sold out and looked for re-entry for IHS to set up better. Once Left shoulder support was tested and held, got in full size. started scaling out around 7 test then break of 7.

WHAT: Could have scaled out a bit better, also recreated same pattern later in the day into AH, did not take.

Risk: .15
RR: 3:1
Total R:3R
Percentage of full size: 100%
image


Execution detail:

Date/time Symbol Side Price Position
2022-01-12 10:50:21 PIK buy $6.780 long
2022-01-12 11:10:00 PIK sell $6.880 0
2022-01-12 11:46:48 PIK buy $6.590 long
2022-01-12 11:53:53 PIK sell $6.890 long
2022-01-12 12:01:22 PIK sell $6.870 long
2022-01-12 12:12:21 PIK sell $7.460 long
2022-01-12 12:12:49 PIK sell $7.360 0


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