MCD Trade on Jul 31, 2020 10:06 from spyrosz: Tradervue User Stock Trades.

Same thesis and target (200SMA@daily=$192) as yesterday.

It was gaping lower premarket, about to open between S1=yesterday's low=$193.5 and R1=$195.6
Had it on main watchlist, wanting either to short a pop to R1=$195.6 or get short through the break-of S1=$193.5 for the momo move to S2=192.

Opened weak, flushed below S1, retraced to the level but started holding below/rejecting it.

Got short Tier 0, risking $194 on the dot, wanting to add another Tier upon more confirmation, expecting the sell-off to S2=200SMA@daily=$192. However, low RVOL (<0.7) at the time, scared me a bit and decided not to add more.

Covered half at $192.5 and rest in-front of target.

Great trade/thesis and patience.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-07-31 10:06:01	MCD	sell	$193.480	short
2020-07-31 10:53:17	MCD	buy	$192.560	short
2020-07-31 12:35:13	MCD	buy	$192.210	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MCD&trade=18105890&end=20200830&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MCD&trade=18105890&end=20200731160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MCD&trade=18105890&end=20200731141513&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

MCD Trade on Jul 31, 2020 10:06 from spyrosz: Tradervue User Stock Trades.

Leave a comment about this trade!

Editor syntax