shorted it as it was below pivot and broke the intraday support, making a lower high. One add, then took profits at 50 cents, near one point, the remaining third was near $38 LoD. Held it for almost the entire day. Rode this winner for as long as possible.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-21 09:54:23 | PRGO | sell | $40.935 | short |
2018-12-21 10:24:50 | PRGO | sell | $40.810 | short |
2018-12-21 10:50:31 | PRGO | buy | $40.370 | short |
2018-12-21 10:59:42 | PRGO | buy | $40.000 | short |
2018-12-21 11:56:55 | PRGO | buy | $39.100 | short |
2018-12-21 14:19:03 | PRGO | buy | $38.770 | 0 |
Hey Kadir
I Watch for Gaps over 3,5% , for stocks priced 15/400 (best 70/80) and Float 150/700M (best 400-500), with catalyst, especially earnings.
Few pre-market patters that i prefer and volume at 9:10 included 50k/1,5m max.
Over or Under Major Daily Moving Averages and 52w L/H preferably
I like see clear rejection of the Vwap especially on the 10min chart, but i look for confluence on the 5/3/1 . I saw you had an entry similar to mine, so i think we looks similar stuff to trade! :-)
My strategy is similar to yours, my time frames though are 15 second, 5 minute and daily.
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Well Managed trade first 1/3 done same trade same way, great minds think alike!