IWM Trade on Dec 14, 2020 10:32 from spyrosz: Tradervue User Stock Trades.

What a trade!!

Premarket gap-up close to R1=ATHs=$192.5 due to vaccination news, a level that rejected hard two days ago. Not on watch, so no premarket plan:/

Opened strong, broke above R1=$192.5 to fresh highs, and tried to hold prices for the 1st hour. I saw the roll-over and the flush below VWAP,

got short filler size, risking HOD=$193.1s, and quickly added Tier 0 after the clean rejection of R1+VWAP followed by the 1st leg down.. 1st target was S1=premarket low=$191-191.5, but this thing had so much potential to the downside that I tried to be conservative with exiting size, thinking $185s following days.

Small covers in-front of S1. Read the overall pattern and tape so well, built Tier II size seeing the consecutive lower highs below VWAP, and inability for a proper retest of the m.average, risking $192.5s, expecting the break of S1=$191-191.5 and a move to S2=yesterday's close=$190.

Covered more on the way to $191 and at the flush below the whole number, reloaded some as it rejected the whole number and resolved the bear-flag, risking tight stop above $191.2s for that add.

Covered more into $190.5s and after the hard bounce higher, thinking I should not press short any more.

Beautiful close right on S2=yesterday's close=$190 where I covered more, taking >30% of size as a swing short, for the 1st time after a longg time...

Swing short my ass. Another premarket gap-up back into $192s, I tried to hold the swing size, I even shorted some above $192s with tight stop for the whole position at $192.3s.
Two times it looked like it was about to roll-over, both times held and pushed right back.

Been there, done that, closed everything (intraday + swing size) at b/e and went to bring the pop-corn....