Shared by
Teyrex_Trading
BYND has been going parabolic lately and today after it pushed really hard to a new high of day it suddenly started selling off really fast and hard from $132 all the way down to $115 which is yesterdays close. I waited to short a bounce into VWAP and started in early and then added when I saw VWAP was acting as resistance. I never got the LOD break through $115 but I did manage to sell some shares into each drop.
I hind sight I would have been better off just locking in all my shares at the first hard drop to test $115 but I stayed patient and my plan was to hold into the close for a gap down but shortly after the close the price spiked to where I had my stop cover set at $120 which was filled.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-14 10:04:28 | BYND | sell | $125.000 | short |
| 2020-01-14 10:09:14 | BYND | sell | $127.200 | short |
| 2020-01-14 10:13:30 | BYND | buy | $122.720 | short |
| 2020-01-14 10:53:17 | BYND | buy | $116.000 | short |
| 2020-01-14 14:22:17 | BYND | buy | $117.180 | short |
| 2020-01-14 15:26:20 | BYND | buy | $116.850 | short |
| 2020-01-14 16:58:31 | BYND | buy | $120.650 | 0 |
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