Shared by
spyrosz
Main idea of the day. Excellent daily. Save it!
Day I=earnings day, big gap-down and follow-thru intraday. Established Day I LOD=$21.5.
Day II= inside/digestion day of the big move down. Day I LOD=Day II LOD=$21.5
Coming Day III, premarket plan was to get "short" if it cleared S1=Day I+II LOD=$21.5, that opened road to S2=50SMA@daily=$20.4.
Tried to push at the open, got rejected at yesterday's close, rolled-over and broke S1.
Got short Tier 0, risking HOD=$21.9, added Tier I once it back-tested S1, rejected the level and held below, expecting the momo sell-off to S2=$20.5 area.
Covered small towards target, almost all-out right in-front of S2=$20.5 for a stress-free trade.
Added small after the lower high below VWAP as it was remaining weak to see if it can sell-off to low 20s, but I got stopped out.
Excellent:))
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-30 09:34:02 | GPS | sell | $21.400 | short |
| 2020-11-30 09:34:06 | GPS | sell | $21.420 | short |
| 2020-11-30 09:37:53 | GPS | sell | $21.350 | short |
| 2020-11-30 10:03:09 | GPS | buy | $20.810 | short |
| 2020-11-30 10:15:27 | GPS | buy | $20.710 | short |
| 2020-11-30 10:18:40 | GPS | buy | $20.610 | short |
| 2020-11-30 10:30:56 | GPS | buy | $20.560 | short |
| 2020-11-30 10:35:39 | GPS | buy | $20.520 | short |
| 2020-11-30 10:44:34 | GPS | buy | $20.410 | short |
| 2020-11-30 10:47:14 | GPS | buy | $20.515 | short |
| 2020-11-30 11:54:53 | GPS | sell | $20.640 | short |
| 2020-11-30 12:49:53 | GPS | buy | $20.995 | 0 |
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