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 down, after already being beat up because of lower guidance. The gap down was obviously over blown. Remembering stocks like DKS, and TGT days earlier I had more faith in the reversal. I decided to market buy at the open with an exit price of anything above $131.00. The RSI in the morning read about 8ish (heavily oversold) so I pulled the trigger. Worked out very well!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-09 09:30:03 | FIVE | buy | $128.060 | long |
| 2022-06-09 10:03:10 | FIVE | sell | $130.540 | 0 |
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