This daily chart looked like a #6 pattern in the framework and had many negative catalysts going against it. I got short premarket, expecting a sell off out the gate on the negative news but the opposite happened and this stock grinded up all day long. Luckily I had small size so small loss.
Cobra combined 3 trades into this one. Took two losses in the morning. Wasnt in the right mindset at all chasing weakness and covering into strength. Took a nap midday and came back to see this much weaker which gave me conviction for one last attempt short. Ended up working perfectly shorting bounces and covering panics. Netted $1200 after all trades.
Two trades here: took a small -200 loss in the morning and then didnt plan on trading it the rest of the day until it had a huge panic into the close. I then shorted a small starter overnight. Added more when it was gapping down, and then road what I had down to the low 700s for 1200. So close to $1000 net gain.
This runnner was having a huge gap up and was failing to hold up. I got short into bounces but again I failed to take it all off into a decent pull. I only took partial off and then held the rest into a bounce that held up and squeezed higher. Gave all my profits back, very frustrating. Will fix this problem.