Shared by
cyZ
C B looking for bd below $100
this level was support 2D ago, not a strong level, just looking for a trade here instead of being selective; far from VWAP 101.68 but it did look like program was walking this down from 101.45 since 12:55
se 99.96
add 100.02
stop 100.16 -- nervous exit, there was some selling 100.05 - 100.10 earlier; also, best r2x was the pattern had changed, this was the first higherH, no longer a clean steady walk-down.
after 4 minutes
reshort 99.98
add 99.93
stop 100.09 -- after making lowerL by .01, it made higherH (100.07 previous)
absent sellers walking this down again, reentering was not a good idea.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-25 13:22:19 | GILD | sell | $99.960 | short |
| 2015-03-25 13:26:29 | GILD | sell | $100.020 | short |
| 2015-03-25 13:29:03 | GILD | buy | $100.160 | 0 |
| 2015-03-25 13:33:08 | GILD | sell | $99.980 | short |
| 2015-03-25 13:37:26 | GILD | sell | $99.930 | short |
| 2015-03-25 13:49:42 | GILD | buy | $100.090 | 0 |
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