I saw DPW was gapping up pre-market. It spiked up from the 2.00 area. I knew that was support on the stock, and it broke support. I shorted on the pop, and I was looking for a quick rejection at the area. That is exactly what happened. There wasn't enough selling pressure, so I took the trade off. Not enough selling pressure, story of the week.
I was risking off the 2.10-2.12 area because that was the hod. I did not want to hold it short as it ran against me.
-Nothing really, there wasn't enough movement
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-02-20 09:33:00 | DPW | sell | $2.010 | short |
2018-02-20 10:26:00 | DPW | buy | $1.940 | 0 |
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