such a good day for me, $SRNE was a multiday runner that was trading at 1.85 just three days ago(oct 9) on that day it closed up 20-ish%, the next day it spiked up another 35% but closed up another 20% from previous day. on the 3rd day of the run up it gapped up small and ran up another 40% with an over-exhaustion in volume. over 100% run up in 3 days so i had this on my radar after yesterdays(day 3 of run) move, looking to short today risking off of the 4.00 area which looked like a solid previous support from beginning of the year. AH yesterday the stock spiked to 4.00 and it was looking like it was holding that area as a strong resistance. this morning it was down trending off 4 during pre-mkt, so it was a TOP WATCH for me at mkt open. after the morning bell it instantly dropped from 3.80(open price) to 3.40 in like 3 minutes. this showed me the bears had this stock by the balls. i waited for a pop up to VWAP for an entry short which i executed almost perfect. and covered on the new low of day. and then looked for a re-entry pop to VWAP, i ended up taking 3 trades that were all profitable, made 600$(540 after commission) in like an hour of work.. i'm very happy not only because of the profits, but because this was a solid setup that i planned out and executed pretty well.
Awesome work! Keep at it.
@wannabestocktrader Thanks!!
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