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 a partnership with twitter... nothing to justify such a pop in this stock, especially given current market conditions. The power hour RSI showed it was RIPE for a short so I pulled the trigger. The next morning I pulled again, this time with a larger position and... voila, worked out very well!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-23 15:06:31 | SHOP | sell | $361.270 | short |
2022-06-24 09:45:33 | SHOP | sell | $381.010 | short |
2022-06-24 11:38:38 | SHOP | buy | $371.970 | short |
2022-06-24 15:59:00 | SHOP | buy | $385.130 | 0 |
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