Shared by
Teyrex_Trading
$AXIM - I had a few reasons why I was thinking of going long AXIM on its day 2.
Reason 1 - it gaped up small so enough to tease shorts into looking at this if it went red because it was up well over 100% in one day.
Reason 2- it was actually forming a flag over a key support level on the daily at .70 so I figured if this broke red but then held that .70 area and then pupped back over green shorts would then be fucked and squeeze them out in a panic.
Reason 3. this is was a nice flag from yesterday and if it broke out of it with volume it was game on just like any the other wedge breaks I've been playing. This was one of my most thought out and executed traded in a long time.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-16 09:34:09 | AXIM | buy | $0.7300 | long |
| 2020-07-16 10:15:14 | AXIM | sell | $0.8800 | long |
| 2020-07-16 10:21:09 | AXIM | sell | $0.9900 | long |
| 2020-07-16 10:34:37 | AXIM | sell | $1.300 | long |
| 2020-07-16 10:37:09 | AXIM | sell | $1.370 | 0 |
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