30/12/2020
-Trade: IRI in news
-Catalyst: IRI earning downgrade, downtrend for the past month
Setup: B - Volume was low, because year end holiday
Technical: Downtrend, looking for short
What did I do: I watched the open as it tick up from 2.81 to 2.83 thinking it was going higher, but uncertain it will bound back.
Short on 2.69 on 2:43pm as I watched the price didnt break 2.7 which should be the key level from the low 2.61. Closed on 2.65 , which should have stick to my 2.62 price... I think it will go lower tomorrow on 31/12/2020 (not buyer support)
Better?
Should short the morning from 2.8 ,was a good fade
ASX:WEB
-Trade: WEB was overbrought on 29/12/2020; macro US market is weak, pending stimulus news
-Catalyst: no catalyst
Setup: C- I shorted in the morning on 5.26 ( bad entry)
Technical: was looking for correction thinking it will go to 5.16, looking for short
What did I do: I short on open as it tick up to 5.26 (bad entry) thinking yesterday close on 5.32 was too high.. straight after my entry WEB shoot up to 5.33. stonk effect is working . End up close at 5.23 as the support is too strong
What I should do : I should short APT and SZL, as there is more meat to drop.
31/12/2020
Verdict: WEB dropped on market weak 31/12/2020 on open to 5.23 and dropped more on 12pm to 5.09 :- should keep to my thesis...
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