This trade was alerted on UT for a possible scalp. Thinking that the dropped that I was expecting to happen, happened. I thought I was getting a fire sale this ticker. Unfortunately, reality hit when all of Nasdaq/Tech stock fell down the week after. It made me realize that I should be more patient while I wait for the best entries.
reasons for this ticker:
1. I liked that there was some support on 45.38, So I felt safe being the ticker at 47s. Didn't mind the draw down to 45 if it did happen.
2. It seemed to bounce off twice from the 45 area
3. I had scalped it abit, so was ready to go as low as 44$
TDC Daily
3-1
Now That I am looking at the 40$ level, I see more possible downside to the 36 levels. I also see a bullish divergence as well. SO will wait to see how this moves this week. In hindsight, I should have waited a couple of days before I bought, RSI was overbought and MacD was pretty high, still a bit high. Might sell at break even or for a loss. Still thinking about it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-18 11:52:38 | TDC | buy | $47.083 | long |
2021-03-02 11:09:52 | TDC | sell | $41.419 | 0 |
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