Tags:
Daily Setup:
Pretty much went side ways during the market sell off. Yesterday gaped down and closed up on the day. Did a bull pullback to the 20sma and confirmed today as well. Today it has continued going up, bouncing off the 20SMA and closing above the 4 & 8 EMA on above average volume. Prints noted in pic below.
Intraday setup
I entered on the pullback to 16.50 (print level)and waiting for confirmation of going higher.
Stop:
16.40 - below 8EMA - risking 0.11
Target:
16.75 & 17
Reason to exit:
Closed 1/2 at the 2:1 risk/reward level and that was noted to be at the 17 level. Sold that half for +40% ROI and stoped out the rest when price broke below premarket support. There was also several thousand sell prints going through at this level. Stopped out the last 1/2 for 10%
Mistakes &/Or Concerns
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2019-08-08 14:56:21 | AUG16 19 16.5 CALL | 18 | $0.5800 | 18 |
2019-08-09 09:32:33 | AUG16 19 16.5 CALL | -9 | $0.8000 | 9 |
2019-08-09 09:43:01 | AUG16 19 16.5 CALL | -9 | $0.6400 | 0 |
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