Saw SNAP tanking. Momo was clearly in the bears hands. I saw the $20 break and it was rejected from below after a retest. Price was gunning to take out the LOD so I figured to short the LOD with a super small chaser size and target $19 (next round number) but shaded the exit +$0.10 to be safe. Stop was above $20.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-02-08 09:41:31 | SNAP | sell | $19.540 | short |
2018-02-08 09:44:59 | SNAP | buy | $19.100 | 0 |
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