This was a a playbook setup for me. Unfortunately there was no news catalyst which will affect the way i handle the trade once im in. I am quicker to lock profits especially coming into a target if showing any weakness. This setup was a break above pre market high opening above yesterdays high. So i wait for the premarket break andthen im looking to start adding a tier on the pullback into the pre market high level. Keeping in mind price action is still above the one minute 9ema. My second tier is a 1 min green candle holding on or above that 9ema. My Next set of entries was the second test of the 9ema 1 min and, my exit was once it bounced off the 9 and made a new hod. It was looking like it was gonna put a double top in because it didnt make a new high very confidently. I took a 60% gain pretty quick on this open drive. So i was overall happy with this trade. Nvda keeps teasing the run to $560 but it will make it!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-03 09:40:04 | 5 FEB 21 560 CALL | buy | $3.830 | long |
2021-02-03 09:41:19 | 5 FEB 21 560 CALL | buy | $3.600 | long |
2021-02-03 09:41:27 | 5 FEB 21 560 CALL | buy | $3.800 | long |
2021-02-03 09:47:05 | 5 FEB 21 560 CALL | buy | $4.570 | long |
2021-02-03 09:47:24 | 5 FEB 21 560 CALL | buy | $4.650 | long |
2021-02-03 09:48:22 | 5 FEB 21 560 CALL | sell | $5.800 | long |
2021-02-03 09:48:22 | 5 FEB 21 560 CALL | sell | $5.800 | long |
2021-02-03 09:48:22 | 5 FEB 21 560 CALL | sell | $5.800 | 0 |
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