The next paper, like the previous one, promises us a light short. There's a near retest, too. Paper isn't being bought back. It'll be a simple lightweight short down from 2.5$
Thanks for sharing the idea @Alexey_Malorodov . This looks very promising today. I will try to short it at $2.49 and see how low it can go. Do you have a specific target price in mind ?
Alexey_Malorodov
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@saisudharsanan, I always take a minimum of 3.1\1 The exit target will depend solely on the amount of risk that your trading system allows. My exit target price is 2.21. If the instrument passes more than two risks in my direction, I will move to ossless and trawl TP
battousai1130
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@Alexey_Malorodov, Thank you for the reply. Looks like there are some buys at $2.5 . Let's patiently wait :)
battousai1130
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@saisudharsanan, my broker had to do a "Risk-review" and the order didn't trigger until 2.45 :( . I am going to wait patiently from here. Thanks again for the idea.
Alexey_Malorodov
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@saisudharsanan, you're welcome!)
Alexey_Malorodov
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@saisudharsanan, there's always someone on the market buying and someone selling. The market, to be honest, seems weak. It's been growing lately and it seems like it has no "power" left. At the end of the day, especially in the last 30 minutes of trading, there may be a fall. Moreover, tomorrow is the first day, people will have to pay for commercial rent as well. I think there will be some news. In any case, the selection of shares is made, the trade plan for each of them is made according to the trading system. We just have to wait.
battousai1130
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@Alexey_Malorodov, This was a very good trade. It gaped down to $2.29 in a single day ! I am hoping it will touch $2 by tomorrow, which is my target price. Thanks.
Alexey_Malorodov
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@saisudharsanan, Great! like I said, big money is always traded on simple benchmarks)
battousai1130
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@Alexey_Malorodov, I did not close the trade yet and it went up in after hours. I hope it will slide after open and I will close it then. Thanks again for the idea.