31/12/2020
-Trade: FMG , China
-Catalyst: Iron ore price drop on China appeal to cut steel output.
Setup: B - Volume was low, because year end holiday
Technical: ATH, looking for short
What I do : shorted at 24 on open, and the bidding price keep going up and holding the price steadily above 24, making it hard to close my short, decided to cover on scratch at 23.95. Was thinking about holding overnight but give up because of 3days interest. End up surprise closing match dropped 2.29% which no one can predict.
Verdict: Should hold for longer term
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