2R!!! $600 in 13 minutes

2R!!! $600 in 13 minutes

This was an awesome trade today! WDC was gapping down from a bullish day yesterday (gap and go) so people were trapped. AKA they bought yesterday and were immediately losing money. So their emotions would be telling them to forget this and sell, and what do we want to do as traders when others are selling? We want to sell with them! WDC opened and immediately started to sell off. 86.50 was premarket resistance and where the stock opened. This was a great spot for a stop and now it was just about finding a good entry 85.80 was a premarket support that broke within the first 2 minutes a small retest came in and then the bullish doji. This showed that buyers came in but it was indecisive and that told me to put the trade on. I got filled and it was off to the races…13 minutes later bang 2R ($600) and I exited all 429 shares.

 

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