Shared by
spyrosz
China news hit tape and major tech names sold-off lower.
-- AAPL, MSFT, NVDA all moved lower.
-- MSFT was looking esp. weak.
-- I was looking the QQQs daily and thought that if bears wanted to press they still had a good chance for a close below $256 which would negate yesterday's hammer candle and put some pressure on the bulls.
QQQs started to move back towards VWAP on a tape that wasn't so convincing for the long trade.
Got short filler size below VWAP, risking stop $261.36!!, 1c above high of marubozu candle at 5min chart, expecting the move to LOD=$257.5 at a minimum.
FED news hit tape and QQQs popped above VWAP with a high of $261.35!!!, literally 1c away from stop!!!
What a market gift, and immediately added big size risking same stop-$261.36.
Covered on the way down, got all out when I saw the hard bounce from $259.
(+) Excellent trade management here
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-15 13:02:06 | QQQ | sell | $259.470 | short |
| 2020-07-15 13:12:31 | QQQ | sell | $260.010 | short |
| 2020-07-15 14:11:12 | QQQ | sell | $261.010 | short |
| 2020-07-15 14:18:04 | QQQ | sell | $261.140 | short |
| 2020-07-15 14:19:28 | QQQ | sell | $261.210 | short |
| 2020-07-15 14:33:54 | QQQ | sell | $261.190 | short |
| 2020-07-15 14:54:33 | QQQ | buy | $260.020 | short |
| 2020-07-15 15:06:09 | QQQ | buy | $259.670 | short |
| 2020-07-15 15:16:55 | QQQ | buy | $259.400 | short |
| 2020-07-15 15:17:16 | QQQ | buy | $259.740 | 0 |
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