Shared by
A-K_MoneyBagz
I am an RSI reversion to mean trader. I usually day trade. So for this one I simply saw a gap up, after already being beat up because their heart inflammation news. The gap up was caused by good news coming out of Europe and I almost thought "this is too good to be true". I decided to market sell at the open with an exit price of anything below $50.00. The RSI in the morning read about 95ish (heavily over bought) so I pulled the trigger. Worked out very well!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-08 09:31:10 | NVAX | sell | $51.860 | short |
| 2022-06-08 10:03:36 | NVAX | buy | $48.100 | 0 |
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