Nice Reactionary Reversal trade! You waited for 58.91 to wick out, waited for buyers to come in and had a nice level to play against. This is what an intraday reversal play is supposed to look like.
Strong accelerated down move, wick out, buyers step in, strong green candle, small pullback with higher low... then explode to upside.
-- Note for below-- See next trade. you DID re get long on that pullback to .15s. Nice work!
One thing you can do better is re entering or adding back size on that next dip to 59.05-.15 range. Other than that, great reads in the .30s level. That was where you were long before and were wrong. Think about everyone else who was wrong there but didnt stop out. They'd love to get it lower around 58.9/59 instead of 59.3/4s
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-04-07 14:56:15 | INTC | buy | $59.040 | long |
2020-04-07 14:56:16 | INTC | buy | $59.040 | long |
2020-04-07 14:56:17 | INTC | buy | $59.030 | long |
2020-04-07 14:56:17 | INTC | buy | $59.020 | long |
2020-04-07 14:56:32 | INTC | buy | $59.030 | long |
2020-04-07 14:57:14 | INTC | buy | $59.120 | long |
2020-04-07 14:57:14 | INTC | buy | $59.120 | long |
2020-04-07 14:57:15 | INTC | buy | $59.120 | long |
2020-04-07 14:57:15 | INTC | buy | $59.120 | long |
2020-04-07 14:57:15 | INTC | buy | $59.120 | long |
2020-04-07 15:03:03 | INTC | sell | $59.300 | long |
2020-04-07 15:03:48 | INTC | sell | $59.340 | long |
2020-04-07 15:03:48 | INTC | sell | $59.340 | long |
2020-04-07 15:03:48 | INTC | sell | $59.340 | long |
2020-04-07 15:03:48 | INTC | sell | $59.340 | long |
2020-04-07 15:04:12 | INTC | sell | $59.310 | long |
2020-04-07 15:04:12 | INTC | sell | $59.310 | long |
2020-04-07 15:04:12 | INTC | sell | $59.310 | long |
2020-04-07 15:04:12 | INTC | sell | $59.310 | long |
2020-04-07 15:04:12 | INTC | sell | $59.310 | 0 |
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