Tags:
Only bot 1k shs at $297 which was mistake. Was obvi a high probability low (extended, candle expansion, volume increase, and high -TICK).
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2020-05-27 10:50:25 | SPY | 300 | $297.110 | 300 |
2020-05-27 10:50:25 | SPY | 100 | $297.110 | 400 |
2020-05-27 10:50:25 | SPY | 100 | $297.110 | 500 |
2020-05-27 10:50:25 | SPY | 100 | $297.100 | 600 |
2020-05-27 10:50:25 | SPY | 100 | $297.110 | 700 |
2020-05-27 10:50:25 | SPY | 300 | $297.110 | 1000 |
2020-05-27 11:02:31 | SPY | 92 | $298.050 | 1092 |
2020-05-27 11:02:31 | SPY | 200 | $298.050 | 1292 |
2020-05-27 11:02:31 | SPY | 8 | $298.050 | 1300 |
2020-05-27 11:02:31 | SPY | 100 | $298.040 | 1400 |
2020-05-27 11:02:31 | SPY | 100 | $298.050 | 1500 |
2020-05-27 11:11:00 | SPY | -100 | $298.470 | 1400 |
2020-05-27 11:11:06 | SPY | -100 | $298.520 | 1300 |
2020-05-27 11:11:10 | SPY | -100 | $298.520 | 1200 |
2020-05-27 11:11:10 | SPY | -100 | $298.520 | 1100 |
2020-05-27 11:11:10 | SPY | -100 | $298.520 | 1000 |
2020-05-27 11:11:10 | SPY | -100 | $298.520 | 900 |
2020-05-27 11:11:10 | SPY | -100 | $298.520 | 800 |
2020-05-27 11:11:10 | SPY | -100 | $298.520 | 700 |
2020-05-27 11:13:18 | SPY | -700 | $298.400 | 0 |
sorry didn't finish my last comment haha. SPYs ATR is ~6 so i'm guess when it reaches around 6 on no news and short amount of time would quantify as extended?
yea 3 points straight and 5 points from open would qualify. there are diff elements that go into it but mostly distance/time. If its grinding and taking a while to move 3 points then a lot less attractive to contra. But here it was relatively quick and the last 5 min candle was the biggest and into a level i likes which gave me more confidence.
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what do you quantify as extended on the SPY?