Shared by
spyrosz
Good thing I tried the same trade yesterday (b/e trade) and I already had a feel for the tape.
Very weak daily, looking ready to finally break the $15 support that buyers defend almost every single day now. Below $15, next support at $14.3 area.
I was watching like a hawk price action+tape at the open. RVOL=1 was decent.
Opened in-front of S1=$15 , tried to bounce but got rejected at yesterday's close.
Lost VWAP and the moment it cleared S1 and printed $14.9s,
went short Tier 0, risking HOD=$15.2, for the support lvl break-down pattern, expecting the momo sell-off to $14.3-14.4s. Added size during the consolidation below S1, risking above S1=$15.
Covered small at $14.7s, then $14.55.
Left a small piece with a bid at $14.4s, risking b/e entry at $14.9.
Unfortunately it found a bid at $14.51 and reversed.
Tried to re-short small in-front of VWAP and just in-front of stop, but didn't work and I gave back a little bit of profit..
Stopped watching and left it alone..This thing went all the way to $15.4s...
Crazy short covering...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-23 09:41:30 | CCL | sell | $14.970 | short |
| 2020-07-23 09:51:04 | CCL | sell | $14.912 | short |
| 2020-07-23 09:55:47 | CCL | sell | $14.865 | short |
| 2020-07-23 10:14:14 | CCL | buy | $14.730 | short |
| 2020-07-23 10:21:17 | CCL | buy | $14.610 | short |
| 2020-07-23 11:11:11 | CCL | sell | $14.720 | short |
| 2020-07-23 11:14:12 | CCL | sell | $14.770 | short |
| 2020-07-23 11:20:26 | CCL | sell | $14.800 | short |
| 2020-07-23 11:29:27 | CCL | sell | $14.880 | short |
| 2020-07-23 11:30:47 | CCL | buy | $14.900 | 0 |
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