I am an RSI reversion to mean trader. I usually day trade. So for this one I simply saw a gap up. The news was that they added some twitter usability, nothing to justify such a pop in this stock, especially given current market conditions. The morning RSI showed it was RIPE for a short so I pulled the trigger. Worked out very well!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-23 10:53:15 | SHOP | sell | $357.780 | short |
2022-06-23 12:38:23 | SHOP | buy | $352.480 | 0 |
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