DDD Trade on Jan 16, 2020 09:31 from Defy: Tradervue User Stock Trades.

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Defy

 

Overall I like the way I excuted this trade. The initial thought was cultivated from the morning downgrade given to DDD. The daily chart is completely over extended. I felt confident taking a short right at the open. chart was showing plenty of selling and level 2 looked heavy so I took the starter position at 11.30 expecting this to bounce once it found bottom.

My second add was alittle aggressive and I didnt hit the bounce, caught the bottom of the move but stayed confident while waiting for it to come back down. I felt as though a lot of the bounce was shorts covering their positions.

I tried to short again but found myself trying to get in to early, the downtrend already started to reverse. ended up covering half the position then re adding at around 11.65

Stayed committed to this trade due to the catalyst in place and any run over 11.90 area that was convincing I was planning to cover my position. I was prepared for this to go against me, ended up swinging this overnight and covered into the wash at the open.


Execution detail:

Date/time Symbol Side Price Position
2020-01-16 09:31:49 DDD sell $11.300 short
2020-01-16 09:36:05 DDD sell $11.690 short
2020-01-16 10:04:01 DDD buy $11.369 0
2020-01-16 10:20:41 DDD sell $11.541 short
2020-01-16 12:29:30 DDD buy $11.573 short
2020-01-16 13:19:58 DDD sell $11.655 short
2020-01-17 11:26:07 DDD buy $11.450 short
2020-01-17 11:27:18 DDD buy $11.485 0


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