Shared by
spyrosz
On main watch after earnings gap-down to S1=major daily-weekly support level=$312 that was defended by buyers last two consecutive days. However, it failed to move away from support, so I was looking to see if today sellers cold push lower.
Premarket plan was to sit tight as long it traded above $312, then try "short" only if it broke and held below S1=$312, risking above the level, expecting the sell-off to S2=minor support pivot=$307, then S3=low $300s.
Difficult trader. Choppy, spready. Opened weak,broke below S1=$312 but bounced hard reclaiming the level. Lost S1 again,
got short Tier 0 risking the lower high=$316, added momo tiers pressing short for the bear-flag resolution, risking above S1=$312 for the adds, expecting the move lower.
Covered small at $308 and bulk at 1st target S1=$307. Held trailer on with stop above VWAP.
Stopped out later on.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-05 10:02:11 | SPOT | sell | $311.450 | short |
| 2021-02-05 10:08:24 | SPOT | sell | $310.130 | short |
| 2021-02-05 10:12:01 | SPOT | sell | $310.270 | short |
| 2021-02-05 10:20:05 | SPOT | sell | $310.400 | short |
| 2021-02-05 10:35:31 | SPOT | buy | $308.920 | short |
| 2021-02-05 10:40:00 | SPOT | buy | $308.110 | short |
| 2021-02-05 10:40:50 | SPOT | buy | $307.550 | short |
| 2021-02-05 10:40:54 | SPOT | buy | $307.110 | short |
| 2021-02-05 12:19:43 | SPOT | sell | $309.920 | short |
| 2021-02-05 12:24:00 | SPOT | buy | $310.740 | 0 |
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