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, to a great resistance area. FDX increased it's dividend which resulted in it's best single day gain in 36 years. The news was okay, nothing to make a stock jump that much, especially in this market. The RSI in the morning read above 90 (heavily over bought) so I pulled the trigger. Worked out very well!
P.S. I traded this one several times over two days!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-14 09:30:03 | FDX | sell | $220.640 | short |
| 2022-06-14 10:03:45 | FDX | sell | $228.810 | short |
| 2022-06-14 10:26:27 | FDX | buy | $225.710 | short |
| 2022-06-15 09:43:14 | FDX | sell | $237.400 | short |
| 2022-06-15 14:33:19 | FDX | buy | $229.470 | 0 |
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