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 HUGE gap down. It's a crypto stock that hinges on the success of coins like Bitcoin. I licked my chops this morning as the RSI was sub 5 (usually reserved for scandal outbreaks or stocks that will be going out of business). Did I want to add to my awful entry position... yes! But over here we do not add to losing positions, or overleverage. I PULLED the trigger on a market buy at open and played the waiting game. Worked out very well!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-13 09:30:49 | MSTR | buy | $156.720 | long |
| 2022-06-13 12:27:40 | MSTR | sell | $162.300 | long |
| 2022-06-13 12:35:20 | MSTR | sell | $167.000 | 0 |
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