Shared by
beno
Trade Variables
Float : 50M
News / Catalyst : Citron short report - WSB buying frenzy - huge short squeeze
SPY Intraday pattern : Bowl
Ticker Intraday pattern : Parabolic Fade
Strategy : A grade Birthday Boy Long
Confluence : Gap Fill, Prior Close
Strike Zone : 65 - 60
Sizing (lots + emergency) : 150
Risk (stop / Rs) : Hold below 60
Notes
Longed into the 60 test, added on fake 3rd halt, sold 2/3 a little early but kept my last 1/3 for proper target in mid 80's. +3.5R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-25 12:24:35 | GME | buy | $65.750 | long |
| 2021-01-25 12:24:43 | GME | buy | $63.240 | long |
| 2021-01-25 12:25:02 | GME | buy | $61.130 | long |
| 2021-01-25 12:25:29 | GME | sell | $68.520 | long |
| 2021-01-25 12:25:42 | GME | sell | $72.610 | long |
| 2021-01-25 12:25:42 | GME | sell | $72.610 | long |
| 2021-01-25 12:25:42 | GME | sell | $72.610 | long |
| 2021-01-25 12:31:32 | GME | sell | $77.550 | long |
| 2021-01-25 12:31:38 | GME | sell | $77.780 | long |
| 2021-01-25 12:31:53 | GME | sell | $82.980 | long |
| 2021-01-25 12:31:57 | GME | sell | $79.990 | long |
| 2021-01-25 12:32:05 | GME | sell | $80.820 | 0 |
Comments
beno
Its a combination of factors that help: market structure (look left), tape subtleties, and knowing some of the fundamental variables at play.
the_trader_perception
HTTrader
Thanks for sharing!
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Another great trade! one thing I have noticed about your trades is the precise entry. How do you time the entry so well for majority of your trades? are you concentrating on the tape? Appreciate any insight, thanks.