$HAS with Earnings chop
The Market opened slow with little to no volume and so did $HAS. My bias was short as it gapped down after earnings and found support at 89. Then recovered during premarket and expected some sort of selloff. My Levels for an Entry Short were 92-92.50, 94 and 98 to the upside. My Levels were 89, 87 and 84 for possible support and targets below.
Out of the Open I placed a limit order for 1/4 tier short above at the 92 level and it touched and filled. Great fill and I pretty much hit the local hi before it came down to 90. I did not take profit and wanted to go for 89 as my first target.
$HAS was very choppy without any volume to mention and rather big spread of 50ct and more. I really let it play out and chop around. My goal was for it to either go down to hit 89 and sell off further or to add another quarter tier at 94.
$HAS traded with low volume the whole day and felt slow. It found resistance at 93 area, but I did not add here until later when it was too late as I expected a breakout to 94. I eventually added just moments before it finally broke out and stuck with the trade.
It went against me, but I was confident to get out eventually.
92.80 turned out to be an important support. My Break-Even was below it though and I did not take it off with a loss, but added more as we greinded higher. Eventually missed the spike above the 94.
Like I said. I traded like an idiot today. The case of Monday!
Eventually took the trade off around break-even. Shitty trader today.
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