WFC Trade on Dec 23, 2020 10:36 from spyrosz: Tradervue User Stock Trades.

Gravatar

Shared by
spyrosz

 

WFC=Top 5 "short" PnL names for me in 2020. And this market made me to get "long" this junk. Unbelievable.

Nice daily with a 2-week tight consolidation below R1=$29.7. Break and hold above R1, next resistance pivot was R2=$30.5, and then ultimate target R3=$31.5s.

Opening drive + break above R1=$29.7 with extention to $30,

got long Tier I at the retest/pullback to R1=$29.7 + VWAP, risking previous support pivot $29.5, expecting the push to R2=$30.5.

Sold about 40% of size in-front of R2, kept rest as a swing. Target R3=$31.5.
Nice trading. Nice executions. Easy.

image

Small premarket gap-up the following day, sold small at $30.5s, then AUTOSTOP had to take over at the open since I got caught in the BABA -10% gap-down. Well, I guess that played out in my favor since WFC really got hit. What a junk.


Execution detail:

Date/time Symbol Side Price Position
2020-12-23 10:36:14 WFC buy $29.750 long
2020-12-23 10:50:57 WFC buy $29.825 long
2020-12-23 13:03:35 WFC sell $30.195 long
2020-12-23 13:17:32 WFC sell $30.250 long
2020-12-23 14:02:40 WFC sell $30.385 long
2020-12-23 14:28:17 WFC sell $30.300 long
2020-12-24 08:00:53 WFC sell $30.490 long
2020-12-24 09:31:08 WFC sell $30.350 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!

View plans, Sign up for free, or Log in