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 again. The news was a joke, 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. After trailing up steadily for the day I decided to leverage up in the trade twice. I also exited twice as well to manage my risk. Eventually it worked out very well!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-07-15 09:37:35 | FRC | sell | $153.880 | short |
| 2022-07-15 11:20:54 | FRC | sell | $156.330 | short |
| 2022-07-15 11:30:36 | FRC | buy | $155.860 | short |
| 2022-07-15 13:44:14 | FRC | sell | $157.770 | short |
| 2022-07-15 14:57:44 | FRC | buy | $156.580 | short |
| 2022-07-15 14:58:10 | FRC | buy | $156.560 | 0 |
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