Beautiful breakdowns. I sized in a little more aggressively on this and increased my risk. This paid off nicely this time and justified x2 my usual risk.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-11-09 09:37:50 | SGMO | sell | $11.610 | short |
2018-11-09 09:41:35 | SGMO | sell | $11.450 | short |
2018-11-09 09:42:34 | SGMO | buy | $11.350 | 0 |
2018-11-09 09:44:18 | SGMO | sell | $11.260 | short |
2018-11-09 09:44:58 | SGMO | buy | $11.050 | 0 |
I found this on a pre-market gap down scanner with relatively large volume. I kept an eye on it while I was in other trades and when I was ready I noticed the $11.50 coming up as a key psychological level and shorted just before that. The L2 and tape kept saying short and that is what I did. I stopped at $11.00 since this seemed over extended and I continued to keep an eye on it for a further break down that never happened.
nice trade man
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nice trade. missed this ticker on Friday how did you find it