Shared by
tasos777btj
Trade of the Day:
MOMO
May 10, 2019 09:39
Closed P&L: $460.00
MOMO was on my watchlist pre-market and a familiar stock. It had a big drop on pre -market ,however, it broke through VWAP at the open and you could see on the chart how I got in at the right moments and got out before it broke down. That doesn't happen by luck, that happens by reading Level 2. Keeping an eye at the order flow and where the big bids/offers are and acting accordingly.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-05-10 09:39:08 | MOMO | buy | $30.680 | long |
| 2019-05-10 09:39:29 | MOMO | sell | $30.790 | 0 |
| 2019-05-10 09:45:27 | MOMO | buy | $31.020 | long |
| 2019-05-10 09:45:57 | MOMO | sell | $31.100 | 0 |
| 2019-05-10 09:47:30 | MOMO | buy | $31.010 | long |
| 2019-05-10 09:47:54 | MOMO | sell | $31.000 | 0 |
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