$AMRS long +.33. Longed after the higher low was put in. I was risking o/u $4.10 area. Wanted to sell into hod break, which I got, but was going to give it a chance to squeeze to $5+ if it held $4.60. Placed protective stop at $4.55 to ensure the winner.
My mindset during this trade was that I had a decent r/r setup, and I knew many eyeballs were on this. It was the only thing moving huge in the PM... It had huge huge wash in the PM from 5.49HOD and shorts were clearly in control, and all the chaser retail longs had puked it up. I liked this. It held $4 at 4.05 level, went up to 4.58 which was crucial resistance level during 9:00AM, where it was rejected from and came down and then formed what I thought was a higher low at 4.15. This made it so I was able to risk off the 4.10/LOD level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-05 10:11:20 | AMRS | buy | $4.220 | long |
2019-02-05 10:11:20 | AMRS | buy | $4.220 | long |
2019-02-05 10:47:34 | AMRS | sell | $4.550 | long |
2019-02-05 10:47:34 | AMRS | sell | $4.550 | 0 |
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