9/25/22 - (No news found for this day)Upon investigation, I realized after reviewing on on-demand that I chased $SOPA when it made a quick pop with volume. The stock had already ran up significantly but I unfortunately missed the bulk of the move finding this play late. I didn't want to miss $SOPA's further action (FOMO) so decided to wait for another pull back and hopefully another run up. I must've entered on market order. When I reviewed the tape, I noticed Big 50k size on the bid at $3.10. The bid stuck, went up to about 3.13 and back at 3.10 again and stuck. This would've been a much better risk entrance and a much more calculated entrance instead of the chase I did on market order and getting filled at 3.27. This should've been a quick scalp only as soon as it ran due to being up so much already on top of being end of day (near market close. Also, another scalp opportunity presented itself less that 2 mins later after the spike's selloff. At 15:28:55, a 38k bidder appeared at the underlying 3.04 bid which grabbed my interest as an area to keep my eyes on. The 3.04 level was at an inline pull back zone and at the 9EMA which has been holding the intraday trend (good place to initiate a trade Infront of). The market went to and held 3.04 which could've ended up being a quick 10cent scalp.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-09 15:27:27 | SOPA | buy | $3.272 | long |
2022-03-09 15:32:35 | SOPA | sell | $3.001 | 0 |
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