Trade Scenario
--------------
Symbol : TIF
Gap : 4%
RVOL : 3.15
pmVOL : >50k
Float: 113M
Short Float: 11%
pmPATTERN : Choppy undefinable at first, bull flags, break of flag just prior the open
Catalyst : Earnings Release
Technical Levels
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Support: 91.10 / 87.05 / 82.67
Resistance: 96 / 100
Inflection: 90sh
Trade Plan
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Set-up : Down-Trend Continuation
Side : Short
Size : 20
Entry : 92.84
Takes : 92.17 / 91.72 / 91.04 / 90.14
Exit : 93.29
Comments: TIF was on watch due to earnings release. I am not happy about this trade. The entry at 11:56 was just pointless. The stock stayed above VWAP mostly the entire morning. So was gaping up in pm and consolidated above VWAP testing new highs for the days. This is not the kind of scenario I am used to short. I think this position was just bullshit. I don't even wanna go deep into understanding why I have opened it cause I don't trade these kind of setups. Has been a mistake I have done since the beginning and statistically I perform really bad on a short opened after 1 hour market opened!
I am writing this report on 07/13/2019 cause actually I didn't realize I had skipped the report on my trade on TIF! I have now recorded it so I will remember the shit I have done.
29/07/2019
93 was a clear important support area, I am not surprised indeed to see the stock going up for a deep buy..
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-06-04 11:56:30 | TIF | sell | $92.840 | short |
2019-06-04 12:24:22 | TIF | buy | $93.290 | 0 |
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