Shared by
spyrosz
Day I: Earnings Report --> Got sold from R1=$141.65 down to S1=$138
Day II: Held S1=9SMA@daily=$138 all day.
It was trading right above S1=9SMA@daily=DAY I + II support pivot=Day II LOD=$138. Break and hold below S1, nothing but air until S2=$134, then daily gap fill to S3=$132.75.
Premarket plan was to get "short" only if it broke and held below S1=$138, risking $138.5-139, expecting the move lower towards S2=$134.
Lost S1=$138 1min before open, moved lower at the bell,
I put Tier 0 offer right in-front of S1=$138, got hit at the backtest of the level, risking tight stop $138.5s, added two momo tiers for the break of LOD=$137.5, risking $138.1s for those two adds, expecting the move to S2.
Trade resolved quickly. Stress-free.
Covered small on the way towards target, covered bulk at $135.5s leaving a small trailer on with stop above VWAP.
How unfortunate that I got top-ticked on that trailer:/
I would have held swing-short such a close.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-20 09:30:35 | JPM | sell | $137.900 | short |
| 2021-01-20 09:34:01 | JPM | sell | $137.530 | short |
| 2021-01-20 09:39:03 | JPM | sell | $137.420 | short |
| 2021-01-20 09:40:26 | JPM | buy | $137.110 | short |
| 2021-01-20 09:42:33 | JPM | buy | $136.550 | short |
| 2021-01-20 10:13:44 | JPM | buy | $136.110 | short |
| 2021-01-20 10:58:03 | JPM | buy | $136.170 | short |
| 2021-01-20 11:58:39 | JPM | buy | $135.538 | short |
| 2021-01-20 12:56:24 | JPM | buy | $136.570 | 0 |
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