21M float/72% shorts/70% institutionals
Stop: 15.35$
R: 0
As per playbook, I wanted to trade the gap fill. However, trading was very light on the upticks, so I took a stab at the continuation move. Entry was terrible and 15.00 bids were holding, so I scratched it.
Mistake: With 70% of the entire float short, it is actually pretty stupid to asume, it'll keep marching on after a flush at the open.
Execution detail:
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