Scaled slowly into pop risking over $5 didn’t want to fight it much above that. Former runner so felt confident pops would be sold. $5 line identified on daily chart. I usually scale out as well, but the probability of a pullback to $4 was high so I set one cover all order few Pennie’s above the whole number at $4.07. Kept size small as this type of trade is not my A set up. This type of “short the pop” set up I don’t trade often. As I mature in my trading sizing plays a key role in my success. Size the best, scalp small the rest.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-09-22 13:17:01 | BCAN | sell | $4.500 | short |
2022-09-22 13:18:51 | BCAN | sell | $4.380 | short |
2022-09-22 13:18:51 | BCAN | sell | $4.380 | short |
2022-09-22 13:19:39 | BCAN | sell | $4.390 | short |
2022-09-22 13:21:28 | BCAN | sell | $4.910 | short |
2022-09-22 13:27:42 | BCAN | buy | $4.070 | 0 |
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