Shared by
spyrosz
Second Day Play after Day I=Earnings Release (which I didn't find so impressive).
Opened strong and immediately pushed to R1=yesterday's important support pivot=$151.25-151.5 (which gave in last hr before the close yesterday).
Tried twice to reclaim R1 but failed both times forming a Double Top.
Got short Tier 0, risking HOD=$151.6s, expecting a sell-off back to S1=$150, maybe S2=opening print=$149.
Covered bulk in-front of S1=$150, more in-front of yesterday's close=$149.4s, wanting to cover rest at S2=$149.
Held yesterday's close, bounced back to VWAP where I reloaded some short, risking tight stop $150.75, expecting a retest of yesterday's close in the afternoon session.
Covered more on the way to target, tried to press for the flush lower and the break of the asc. support line, but it held putting a higher low so I quickly bailed. Sold-off to S2 when we got market alignemnt last hr of the session.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-18 11:26:39 | WMT | sell | $150.940 | short |
| 2020-11-18 11:36:40 | WMT | buy | $150.260 | short |
| 2020-11-18 11:47:56 | WMT | buy | $149.910 | short |
| 2020-11-18 11:50:28 | WMT | buy | $149.910 | short |
| 2020-11-18 11:54:11 | WMT | buy | $149.610 | short |
| 2020-11-18 12:18:21 | WMT | sell | $150.095 | short |
| 2020-11-18 12:37:36 | WMT | sell | $150.320 | short |
| 2020-11-18 13:22:00 | WMT | buy | $149.810 | short |
| 2020-11-18 13:39:27 | WMT | sell | $149.790 | short |
| 2020-11-18 13:39:28 | WMT | sell | $149.790 | short |
| 2020-11-18 13:39:28 | WMT | sell | $149.790 | short |
| 2020-11-18 13:44:15 | WMT | sell | $149.670 | short |
| 2020-11-18 13:49:44 | WMT | buy | $149.800 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!