I am an RSI reversion to mean trader. I usually day trade. So for this one I simply saw a gap down, after already being beat up because of lower guidance. The gap down was obviously over blown and if I had remember stocks like DKS, and TGT days earlier I wouldn't had more faith in the reversal. I decided to market buy at the open with an exit price of anything above $34.00. The RSI in the morning read about 4ish (heavily oversold) so I pulled the trigger. although it eventually worked well, because I hade to deal with initial turbulence, I got out when the stock evened out making this basically a scratch trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-08 09:30:25 | LOVE | buy | $30.500 | long |
2022-06-08 09:59:46 | LOVE | sell | $30.830 | 0 |
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