There was sector weakness acorss the board. seen C pushing into the secdond high on weak volume and started giving wick candles. liked the short opportunity, risking off the 82.60's . Messed up my exit ,only put through 200 shares which left me with the 50 I still had to cover. tried to nail this again but noticed the reversal happening so i cut the position.
Overall i think i managed this well. i felt we had a change to get back down to mid 81's if this broke the 82 level aggressively. didnt happen that way and once i seen it starting to be bought back i cut. Was alitte left on the table but overall the first trade was solid and second just didnt work.
Takeaways
Always make sure to consider the volume and time of day. there will usually be somechange in trend after a ticker of higher market cap has trended a certain direction for a majority of the day.
KEY TIME FRAMES
11:00am
2:00PM
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-14 10:41:54 | C | sell | $82.515 | short |
2020-01-14 10:51:50 | C | buy | $82.397 | short |
2020-01-14 10:52:09 | C | buy | $82.415 | 0 |
2020-01-14 11:05:23 | C | sell | $82.355 | short |
2020-01-14 11:18:20 | C | buy | $82.485 | 0 |
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