Shared by
spyrosz
A couple of quick scalps in the 1st failed attempt to clear and hold above R1=$288 and push to R2=$290.
Rejected R1=$288, did a pullback to VWAP and asc. 9EMA@15/30min charts that provided the necessary support for the lift off (magnificent Indy-long setup).
Once it reclaimed R1=$288,
got long Tier 0, risking the bottom of latest pullback to VWAP $287.25, expecting the break of HOD=$288.75 and a push to R2=$290.
(-) Missed a couple of easy adds here, a) pullback and clean hold above R1=$288 for the 1st time, b) break thru HOD=$288.75. Wake up, follow momo.
Sold at R2 per plan.
(-) Could have avoided all the stupid scalps and unnecessary commissions by playing it properly. Entry=R1=$288, stop=pullabck to VWAP=$287, target=$290, r/r=2:1. Easy.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-11 10:08:49 | QQQ | buy | $288.240 | long |
| 2020-11-11 10:08:58 | QQQ | buy | $288.246 | long |
| 2020-11-11 10:15:01 | QQQ | buy | $288.300 | long |
| 2020-11-11 10:15:07 | QQQ | buy | $288.400 | long |
| 2020-11-11 10:16:43 | QQQ | sell | $287.880 | 0 |
| 2020-11-11 10:17:02 | QQQ | buy | $288.240 | long |
| 2020-11-11 10:17:05 | QQQ | buy | $288.340 | long |
| 2020-11-11 10:17:07 | QQQ | buy | $288.400 | long |
| 2020-11-11 10:29:51 | QQQ | buy | $288.360 | long |
| 2020-11-11 10:34:09 | QQQ | sell | $288.790 | long |
| 2020-11-11 10:34:09 | QQQ | sell | $288.790 | long |
| 2020-11-11 10:36:25 | QQQ | sell | $288.430 | 0 |
| 2020-11-11 11:14:27 | QQQ | buy | $288.365 | long |
| 2020-11-11 11:14:32 | QQQ | buy | $288.370 | long |
| 2020-11-11 12:10:00 | QQQ | sell | $289.690 | long |
| 2020-11-11 12:37:51 | QQQ | sell | $289.420 | 0 |
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