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#Everyone, did you all get to enjoy the big SNDK flash-move last night? I took a sip of the soup, but this sip threw off my earlier plan.
Here’s what happened:
Last night, my original plan was to buy up a few points of ETH before the US stock market opened to push it higher, then at the high point reverse and go short to take down the price. I set my ETH take-profit at 1977. After it reached 1970, I clearly felt the momentum was weakening, so I decisively closed manually at 1972, and the price slid down to 1969. Just then I saw SNDK pulling down in a straight line. I flipped over to check it, wanted to chase in, but I’d already missed the best entry. I only took a small lick in the second leg and left. When I went back to look at ETH, it had already come down. That’s how I perfectly missed two separate legs of the move.