I wanted to take this as a scalp trade. I was working on the premise that this sold off hard it the PM low that a bounce into VWAP in the first couple minutes is likely. This keep going though and I needed to hold for a better feel for the tape at this level. I added at the afternoon low from the day prior and again at where it found a bottom in the prior day's action. I attempted to hold this into the PM low again or where I had entered on the initial position. This tested 123 giving me hope for a little more but got weak quick leading me to miss a few cents but getting a solid scalp counter trend.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-13 09:32:20 | TSM | buy | $123.275 | long |
2021-01-13 09:32:51 | TSM | buy | $122.787 | long |
2021-01-13 09:33:35 | TSM | buy | $121.880 | long |
2021-01-13 09:36:13 | TSM | sell | $122.655 | 0 |
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