$AMCN Trade Recap

* buys/covers are marked on the charts in blue, sells/shorts in red *

Most days I come to the market with a few trade ideas, but those get put aside to focus on the pre-market runners.
Today, for the xxxth time, I've learned how important it is in fact to focus more on the former rather than latter.

This is the daily chart, clearly overextended:

My plan was to short pops with yesterday's high being risk, though I would have left it room until 2.50 u/o


This is how it shaped up on the two day chart, see how it tested yesterday's high and couldn't hold

Here is the intraday chart with my entry and exit:

I considered holding o/n for a possible gap down however I didn't like that eod perk, so I covered.