What happens when you dive into the market without knowing your stuff
Kingfisher - 1&5 min - 4MP - I was familiar with BC because it was on watchlist the day before with 3MP & was bumping up against long term resistance @ $50 Thurs. closing price was $49.93 so I was anticipating another attempt to breach $50 & fail & I would be there for short back to missed pivot @ $48.88. Instead price gapped down at open. It would make attempt to get back to $50 but would stall in the $49.80s. I shorted .30-.40 cents late and should have exited once price based out at $49
Made a small profit back was looking for a bigger spike eod. I guess shorts are looking to hold overnight since it was such a bloodbath all day. Good entry at 42.77 when lod was 42.76 at the time. dropped to 42.71 so risk reward was definitely in my favour just didnt move much.
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