Took a haircut on this name yesterday (relatively speaking), so approached today with a very disciplined plan and execution.
Obviously a lot of opportunity on the short side, but stuck to my long-only plan, and looked for a sell-off to buy into.
Waited very patiently for a bottom to form and got in long at $32.34, risking off the LOD.
Given that I'm on a short leash right now, I added only with strong confirmation of the move.
Happy with my exit (didn't leave much on the table)...and moved on.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-13 10:59:22 | LI | buy | $32.340 | long |
2020-11-13 11:04:20 | LI | buy | $33.310 | long |
2020-11-13 11:07:57 | LI | sell | $34.250 | long |
2020-11-13 11:08:10 | LI | sell | $34.260 | long |
2020-11-13 11:08:23 | LI | sell | $34.135 | 0 |
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