I am an RSI reversion to mean trader. I usually day trade. So for this one I simply saw a gap up. There was no news AND it had just come off a 6 day losing streak. I considered it a dead "CAT" (no pun intended) bounce. 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 |
---|---|---|---|---|
2022-07-07 09:30:39 | CAT | sell | $181.760 | short |
2022-07-07 09:33:49 | CAT | buy | $179.180 | 0 |
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