CAG Trade on Oct 1, 2020 10:39 from Runner73: Tradervue User Stock Trades.

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Runner73

 

Ok, stock has a good earnings, if you look on 8 hour chart you can see that stock is consolidating since mid April till end of June in $3 range, top of that range was 35.20th area, I figured out that most volume was at 34.58, so I had this as a level, Market did the “Market thing” closed the gap hh, so stock came exactly to that 34.58 area, unfortunately wasn’t able to trade, first long entry was not good at all, I took it high, I was saying to high, Market at that point was running up very quickly, so I thought maybe I’ll pay the offer here at 94 cents, with a bit wider stop, because a good entry is around 80 cents, so I take wider stop, in case stock back to 80th cents area I’ll add another lot, that’s what I did, I took a partial at 35.50, and another one actually was very funny, that move from 35.50 to 80th cents area was based only and again only on the offer, I saw only green prints on time and sales, nobody is buying on the bid, so I’m thinking about close my long position and open short here, so now we have a picture, after every small print on the bid, I mean 100,200 shares bid was dropping, around 90 cents no one is holding the bid, I got short, this was a right time, around 1pm people back from lunch, stock was too far from VWAP, at expensive prices, so we need back to VWAP I added one lot after I saw that really even now nobody is buying on the big ,at 1:05pm Market spiked up, 3K offer came to 95 cents, was taken right away, I covered one lot, but after this mess the overall picture didn’t change, nobody is buying on the big, I added at 95 cents, stock went down from that point, Market was running down too, the way down was heavy, huge 17K print at 81 cents on the bid, bid dropped, another one at 67 cents 13K prints on the bid, the last one was at 65 cents 12K prints, good pattern “big prints and big prints lower”, stock came to 60 cents and bounced quickly to 70th cents area, I waited and covered it when stock back to 60 cents, the last piece covered below 50 cents


Execution detail:

Date/time Symbol Side Price Position
2020-10-01 10:39:37 CAG buy $34.940 long
2020-10-01 11:02:21 CAG buy $34.840 long
2020-10-01 12:10:20 CAG sell $35.500 long
2020-10-01 12:43:41 CAG sell $35.820 0
2020-10-01 12:47:09 CAG sell $35.880 short
2020-10-01 12:56:12 CAG sell $35.870 short
2020-10-01 13:02:49 CAG buy $35.970 short
2020-10-01 13:15:53 CAG sell $35.950 short
2020-10-01 13:30:22 CAG buy $35.600 short
2020-10-01 13:37:37 CAG buy $35.430 0


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