Tags:
absolutely a setup with edge. In fact, A+ setup given the extension (multiple 5min candles increasing in size) and volume profile. Red flags that made patience warranted: 1. gapped down and went r/g before parabolic move 2. 13% short interest (7 DTC)
Thot I nailed the front side entries into $70 with stellar 1min inverse hammer reversal bar. Proper small add on close of that 1min. But given how good that signal was, I should have placed a partial stop at new high. I didnt bc I thot there was a chance they would run stops then dump it. But so what? Better to get stopped partially and add back more if get confirmation it was just a stop run vs it having more juice and potentially being forced out at or near highs and missing the A+ fade. Partial stop prevents being forced out at high but also allows for being more aggressive on backside.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2023-01-17 10:05:10 | KMX | -100 | $69.460 | -100 |
2023-01-17 10:05:28 | KMX | -100 | $69.850 | -200 |
2023-01-17 10:06:17 | KMX | -50 | $69.020 | -250 |
2023-01-17 10:11:32 | KMX | -50 | $69.560 | -300 |
2023-01-17 10:13:55 | KMX | 50 | $69.050 | -250 |
2023-01-17 10:15:14 | KMX | 50 | $68.700 | -200 |
2023-01-17 10:15:20 | KMX | 100 | $68.570 | -100 |
2023-01-17 10:16:32 | KMX | 50 | $68.300 | -50 |
2023-01-17 10:17:12 | KMX | 25 | $68.050 | -25 |
2023-01-17 10:25:52 | KMX | 25 | $68.130 | 0 |
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nice work man