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, because of the continued Chinese crackdown. The gap continues to obviously be WAYY overblown. I decided to market buy at the open with an exit price of anything above $63.50. The RSI in the morning read about 8ish (heavily oversold) so I pulled the trigger. I did have to hold overnight, but this morning gave me the opportunity I needed. Worked out very well!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-09 09:30:03 | JD | buy | $62.000 | long |
| 2022-06-10 09:30:06 | JD | sell | $63.450 | 0 |
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