$SNAP was stretched to the upside, from the PM made an ATR and a half up move, I put some VWAPs from tops, level at $52.50, stock lost that
level - came to test it and held below, my entry was very very very impatient, but I can ge tin also when stock losing $52, good entry point
is around .50 cent, but the good thing - I got in half pos in case stock back to .50 I'll add, but, stock back to .50 cent - I didn't
add, wasn't quick enough, from my entry offers can't pass through .20 cents, bids dropped to .02 at some point and pushed back up .12 cents
and stuck, bids stucked at .05 cents and stock jumped back up to .20 cents, stock went to .46 cents - dropped back, offers were at .31 cents
printing some, when new one min candle oppened - bids run down below .20 cents(a good entry was at .40 cents area, but better below .30).
On retracement stock went to that .30 cents area and stopped(here the entry). By the plan add below $52, stock dropped to .93 cents -
I threw the offer at .97 cents - got filled, stock had a little tough time above $51.80 cents(level from the open, people got in long there 100%)
we lost it and dropped to .50 cents, on the way down we had plenty offers at .76 cents that pushed us lower, so when stock dropped to .52 cent -
it jumped above .60 cents and was trying to pass through .64 offer, we passed through - I covered half, stock went bacl to .76 cent, I was ready
to cover the second half above .76, offers were taked by one print very very veyr easily but offers didn't lift - offers dropped back to .71
and stopped, .76 lifted - I got out completely
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-29 10:59:18 | SNAP | sell | $52.180 | short |
2020-12-29 11:08:37 | SNAP | sell | $51.970 | short |
2020-12-29 11:13:04 | SNAP | buy | $51.640 | short |
2020-12-29 11:16:39 | SNAP | buy | $51.790 | 0 |
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