This was another first red day parabolic dip buy/bounce, similar to the NIO trade earlier in the week. Although I wasn't as convinced of this trade, it's yet another reminder of how well these setups work. This is def a playbook trade, and it actually presents itself more often than I realized. Basically, just need to stalk the symbols that shorts are tripping over, and wait for them to have the big red move everyone is anticipating. Just have to be cautious and actually wait for the panic selling to come in, which in this trade was the 12:50 5min bar; notice how distinct that red bar is to others. That's panic selling, which is where you can get some really great prices. Notice how the best prices were below the $104 whole number.
Execution detail:
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