Shared by
spyrosz
Doesn't quite match the "Blow-off Trade" variables yet.
I was interested in the short side, mainly for a retest of yesterday's close=$35.5, which was what we got.
Opened strong, rallied towards R1=premarket high=$37.8, got rejected to the penny, and rolled over.
Got short Tier 0, risking tight stop above R1 & $38 whole number, wanting to see NIO losing and start holding clearly below VWAP.
Broke below VWAP and S1=37, retraced back to the m. average, rejected it and held below.
Added another half-tier, risking the opening print $37.5 for this add expecting the move lower towards S2=yesterday's HOD=$35.9-36 area.
Covered half in-front of $36 whole number, had some bids lower closer to S2=$35.5, but didn't get there. Stopped out of the rest when it broke R1=premarket high=$37.8 and made new highs.
(-) I should have taken at least a partial stop once it reclaimed VWAP and held above. No need to hold until premarket high. I know that when it would finaly roll-over for good, leaking through VWAP just won't happen.
One more scalp in the afternoon for a small winner.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-04 09:38:38 | NIO | sell | $37.350 | short |
| 2020-11-04 09:38:54 | NIO | sell | $37.330 | short |
| 2020-11-04 09:45:02 | NIO | sell | $37.020 | short |
| 2020-11-04 09:56:33 | NIO | buy | $36.270 | short |
| 2020-11-04 10:27:37 | NIO | buy | $38.110 | 0 |
| 2020-11-04 14:05:26 | NIO | sell | $37.265 | short |
| 2020-11-04 14:05:30 | NIO | sell | $37.250 | short |
| 2020-11-04 14:12:42 | NIO | buy | $36.110 | short |
| 2020-11-04 15:02:16 | NIO | sell | $37.620 | short |
| 2020-11-04 15:53:40 | NIO | buy | $37.778 | 0 |
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