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 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. Somehow this week has not gone well, I missed the "POPPORTUNITY" to re-short so I took a minor loss instead.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-15 09:30:45 | PINS | sell | $19.870 | short |
2022-07-15 09:47:34 | PINS | buy | $20.230 | 0 |
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