Shared by
Cklamb
SPCE
Intraday Fundamentals
• Technical run up
Technicals
Trading Strategy
• Long a break of 27.50
Reading the Tape
I would say that there was no confirmation on the tape to support this breaking above 27.50. It did give me enough to work with a couple a good prices.
Trade Management
Trade Notes
I had no set plan to trade this today. I was aware of this coming up on major level after some good strength overall this last week. I think I should have worked this short after I noted that it was probably a double top in weakening market. I did feel that if this broke it would carry for a while and possible set up for a small swing. I set these trades up well with help of the tape and managed to get some small positions set up for the run with out leaving any risk on the table.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-23 11:18:36 | SPCE | buy | $27.325 | long |
| 2020-07-23 11:19:48 | SPCE | sell | $27.380 | long |
| 2020-07-23 11:20:47 | SPCE | sell | $27.381 | long |
| 2020-07-23 11:22:51 | SPCE | sell | $27.370 | 0 |
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