FSLY coudlnt hit HOD, SPY then started to pull, so bet would trade with it. Support was at 97.50s, so shorted into that, was expecting a bounce/retest at least but nice clean break.
Covered, added, covered, added.
Once again initial size vs size once the move had come and gone needs work.
So take aways are
1) Size in 100 initially, add in 100's vs 25 intiail and then 12x that once move has finihsed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-27 12:00:50 | FSLY | sell | $97.600 | short |
2020-08-27 12:01:36 | FSLY | buy | $96.320 | short |
2020-08-27 12:02:40 | FSLY | sell | $96.460 | short |
2020-08-27 12:06:46 | FSLY | sell | $96.900 | short |
2020-08-27 12:06:46 | FSLY | sell | $96.900 | short |
2020-08-27 12:17:03 | FSLY | sell | $96.370 | short |
2020-08-27 12:17:07 | FSLY | sell | $96.380 | short |
2020-08-27 12:19:08 | FSLY | buy | $95.770 | short |
2020-08-27 12:19:58 | FSLY | buy | $95.570 | short |
2020-08-27 12:20:58 | FSLY | buy | $95.130 | short |
2020-08-27 12:23:38 | FSLY | buy | $95.970 | short |
2020-08-27 12:24:18 | FSLY | sell | $95.940 | short |
2020-08-27 12:27:08 | FSLY | sell | $96.250 | short |
2020-08-27 12:32:22 | FSLY | buy | $95.590 | short |
2020-08-27 12:33:13 | FSLY | buy | $95.530 | short |
2020-08-27 12:33:14 | FSLY | buy | $95.520 | short |
2020-08-27 12:34:35 | FSLY | buy | $95.110 | short |
2020-08-27 12:35:33 | FSLY | sell | $94.990 | short |
2020-08-27 12:36:04 | FSLY | buy | $94.810 | short |
2020-08-27 12:37:36 | FSLY | buy | $94.820 | short |
2020-08-27 12:37:42 | FSLY | buy | $94.770 | short |
2020-08-27 12:38:21 | FSLY | buy | $94.610 | short |
2020-08-27 12:38:52 | FSLY | buy | $94.330 | short |
2020-08-27 12:53:42 | FSLY | buy | $92.670 | short |
2020-08-27 12:53:44 | FSLY | buy | $92.600 | short |
2020-08-27 12:54:06 | FSLY | sell | $92.770 | short |
2020-08-27 12:56:07 | FSLY | sell | $93.470 | short |
2020-08-27 12:58:33 | FSLY | buy | $93.010 | short |
2020-08-27 13:09:05 | FSLY | buy | $93.990 | 0 |
Thanks Manowar. yes was a decent trade in the end. The initial entry on an anticipation of bear flag break down was more luck then judgement but scaling in and out of the trade as it developed was a good strategy.
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Great entry, i see you added and cover several time.