Shared by
TomB_BOWS
Setup (intraday): QPB
Setup (daily): Earnings Gapper
Stop: 11.60
Reason for taking trade:
Concerns:
Mistakes:
Anticipation/Confirmation: Anticipation
Market above or below 50 MA: Above
Saw this on the pre market gappers. It was gapping below major price support and 20 and 50 MA. First candle had some big range and volume so I switched to 1 min candle and waited for a pullback. Shorted and scaled out as it came down.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-02 09:33:57 | AMD | sell | $11.430 | short |
| 2017-05-02 09:34:38 | AMD | sell | $11.480 | short |
| 2017-05-02 09:41:32 | AMD | buy | $11.210 | short |
| 2017-05-02 09:47:37 | AMD | buy | $11.010 | short |
| 2017-05-02 09:50:50 | AMD | buy | $10.830 | 0 |
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