Shared by
rectanglealchemists
I entered this against the gap direction because it was against its daily MA with a nice dip buy through the open. I got out as soon as I saw that the tape was too slow and price wasn't pushing away from my average. It should be a very quick resolution.
I don't need to 'stick to my stop' in this type of trade because there is no support really holding the price. I am hoping that the momentum through the open will make my average good enough to where support will form above it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-03-25 09:41:11 | NIO | buy | $20.620 | long |
| 2022-03-25 09:41:13 | NIO | buy | $20.700 | long |
| 2022-03-25 09:41:13 | NIO | buy | $20.699 | long |
| 2022-03-25 09:41:13 | NIO | buy | $20.700 | long |
| 2022-03-25 09:43:14 | NIO | sell | $20.655 | 0 |
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