Was looking for a D1 DC SH Squeeze.
Got in and added whenever it looked like there was higher lows.
On my last add, it short trapped so I got in. then fake long trapped and cracked stopping me out.
I was not able to move my stop on my existing shares fast enough so took larger loss b/c of that.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2024-04-08 10:33:00 | AUUD | buy | $4.845 | long |
2024-04-08 10:47:00 | AUUD | buy | $4.895 | long |
2024-04-08 10:56:00 | AUUD | buy | $4.890 | long |
2024-04-08 10:56:00 | AUUD | sell | $4.660 | long |
2024-04-08 10:56:00 | AUUD | sell | $4.600 | 0 |
Its a setup I named that I noticed happen.
A Day 1 Death Candle Support Hold Squeeze. Basically I see a Day 1 runner that ends up showing a death candle or some clear sign that shorts are now in but it then holds support which would indicate that they are now stuck. Looking for it to then squeeze when shorts are underwater.
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I took the same trade pre-market. What does D1 DC SH mean?