Shared by
spyrosz
Scary name. Zero-liquidity pockets all over the place.
Met all variables for a "Blow-off Top" setup vs R1=yesterday's HOD=premarket high=big psycho #=$100.
Tried the short vs R1=$100, risking wide stop $102s at the beginning, added more once sellers stepped down to $99.75, tightening stop to HOD=$101, added one momo tier once it lost VWAP and yesterday's close, risking VWAP for the add, expecting low 90s at a minimum here.
Never actually resolved in my favor, hitting only 1st target=$96.5. When I saw the accumulation below VWAP, I kind of realized what was coming so moved stop to $99.99 to avoid any slippage from $100 break and left it alone.
Stopped out. Tiny loss for a failed trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-22 09:28:01 | FUTU | sell | $99.710 | short |
| 2021-01-22 09:33:26 | FUTU | sell | $98.520 | short |
| 2021-01-22 09:33:33 | FUTU | sell | $99.150 | short |
| 2021-01-22 09:42:24 | FUTU | sell | $99.060 | short |
| 2021-01-22 10:15:14 | FUTU | sell | $99.290 | short |
| 2021-01-22 10:23:26 | FUTU | sell | $98.570 | short |
| 2021-01-22 10:50:30 | FUTU | buy | $96.610 | short |
| 2021-01-22 12:43:35 | FUTU | buy | $99.875 | 0 |
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