I have done the usual mistake that from TODAY I WILL NOT REPEAT AGAIN. It's now clear that once at tops and bottoms those stocks such as NVDA and other ATR beasts are moved by institutions, edge funds and other bad boys. So as a rule they always reverse. There are 65% sellers at the bottom and only 35% buyers so you guess the price is gonna go down right? WRONG at those levels the big long ass dudes place thousands trades of millions shares at high frequency rate that MOVE THE STOCK IN THEIR DIRECTION that obviously is contrary to the market main sentiment. For every wins there is a losers behind it. I will trade the ATR beasts selling using a different approach, spotting tops and bottoms and wait for confirmation never more then a dollar far from 13ema. Thanks to this practice I could take back the first losing trade had on NVDA finishing then green.
01/12/2019
Oh my god!!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-12 09:41:46 | NVDA | sell | $145.560 | short |
2018-12-12 09:42:36 | NVDA | buy | $146.180 | 0 |
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