Shared by
BanalityOfEvil
Breaking News Premarket Scalp with t2h
6:00:00AM
SEED
ORIGIN AGRITECH ISSUES 2022 GUIDANCE OF 300% REVENUE GROWTH
Low Float gapper, breaking bullish news, clean daily chart, PT $6.50, ATR .75
Plan was to scalp into a core and hold until r2s
T1 size reversed immediately - poor entry
Algo spike in premarket, bought the 1st candle to make a new high, fake out, should have sold @ 7:13 when support broke a 2nd time.
Held core into the open but got spooked by the algos. sold.
Key Takeaways
poor entry, too aggressive - never buy the algo news spike in this market, let some volume come in and confirm.
should have given this more room on the open, but was already down on the trade and thought it would be better to look for opportunity elsewhere.
Stock ran to resistance @ 7, grinding all the way home, ULTRA HEAVY ALGO MANIPULATION ON THIS TODAY... NEED TO BE MORE CAREFUL, SEE TRADE ON PHUN.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-07 07:06:20 | SEED | buy | $5.790 | long |
| 2022-02-07 07:06:25 | SEED | buy | $5.790 | long |
| 2022-02-07 07:06:27 | SEED | buy | $5.790 | long |
| 2022-02-07 07:06:27 | SEED | buy | $5.790 | long |
| 2022-02-07 07:07:31 | SEED | buy | $5.800 | long |
| 2022-02-07 07:07:31 | SEED | buy | $5.820 | long |
| 2022-02-07 07:26:42 | SEED | sell | $5.220 | long |
| 2022-02-07 09:42:11 | SEED | sell | $5.356 | 0 |
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