Strategy Description: Obviously being day 3 expecting the full fade off is a different part of the play. This post is to focus on getting the good but well defined entry.
This is effectively the gap and crap, but it fills all the sellers higher. $19.16 was the high from day 2, and it was over that in the premarket and on the open it began to rocket higher on volume. As the offers lift and it begins to breakout someone will sell a shitload. This is the signal to start in, however for more clarity, just short the living shit out of it once it gets below a key level and you know that it was the flush out higher. Being day 3 you have a lot of confidence in the entry and are okay with slightly wider risk.
No comments:
Post a Comment