Short FB This was a classic long trap. Many longs got into FB
expecting this pattern on 5 min to b/o to the upside.
We shorted !.
Entry 19.80
Stop 19.91
Target 1 19.60 1/3 +.20
Target 2 19.40 1/3 +.40
Target 3 19.00 Never hit.
We were waiting for one last down draft near EOD.
We covered last 1/3 for +.55
risk/Return .11/.55 500%.
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