This is the same ridiculas behavior as the $FB I explained previously. I tried another "HERO" trade. No set up.
Execution detail:
Later 30 minutes can be tricky, after falling like that, you can expect a selloff and people loading up, makes for choppy ending
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
I do this sort of thing, sometimes, when I'm sitting antsy and wanting to get in something that is moving. Bad idea generally to scalp at the end of the day. Think about it, people who shorted when it actually broke down and have been riding it down all afternoon, are covering (buying) at the end of the day to take their profits. Sometimes I look for a quick 5 min scalp in the opposite direction of the trend .. but that's probably a bad idea too.