Quick recap of well planned and executed trade:
I rarely make a plan premarket and trade on it, and as evident by this trade (and the teachings of @investorslive) it's something I should do more often.
Until now, I'd react in the AM to action in tickers most often not on my watch-list.
Yesterday in premarket, I made a detailed plan on how I'd trade $MOBI
This is the daily chart, notice the pop and fail at around 9.5
Given the strong close on the day prior (circled) I assumed it would gap up and make an attempt to reach those recent highs; The plan was to short 9.40+ with 9.50 risk, and 9-9.25 target.
Below are my short sells in red and covers blue
Notice later in the afternoon it had again tested 9.50 and failed, making it another decent entry to short, expecting a fade.
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