I labeled this as a round support trade. But, this taken with the support of the prior day afternoon high or resistance. I held expecting this to flush 152 slightly and had the presence of mind to hit the offer as it flushed. I took some off once I had the general risk covered on the trade looking to hold the runner to 152.50. Howevver, it could not break 152.24 and I took it off as it looked like there may not be enough strength for this to make the move that I was looking for. this was the right decision in this case. I do feel like if I want to work these runners better that I need to hold this and add in later.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-27 09:58:58 | WMT | buy | $151.925 | long |
2020-11-27 10:01:22 | WMT | sell | $152.070 | long |
2020-11-27 10:04:20 | WMT | sell | $152.170 | 0 |
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