Shared by
spyrosz
Can't get a cleaner short...
Amazing daily chart, very well-defined support level at S1=$535, it has been defended 3-times last 6-days. Below S1, next major daily support at S2=$516. Premarket it was trading right above S1=$535. Weakness palpable.
Premarket plan was to get "short" once it broke thru S1=$535 risking HOD, expecting the momo sell-off to S2=$516.
Opened above S1, tried to pop, got rejected at HOD=$538, and moved lower. Broke thru S1, back-tested it and got rejected.
Got short Tier 0, risking HOD=$538, expecting the move to S2=$516.
Covered towards target. Last piece in-front of S2.
(+) Thesis + Premarket Plan + Execution + Tape confirming = one big trade
(-) Should have reloaded at least 50% of morning size at that bounce to VWAP. Tech weak, market alignement.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-03 09:35:50 | NVDA | sell | $534.750 | short |
| 2021-03-03 09:35:55 | NVDA | sell | $534.940 | short |
| 2021-03-03 09:45:19 | NVDA | buy | $530.090 | short |
| 2021-03-03 09:58:45 | NVDA | buy | $525.550 | short |
| 2021-03-03 10:08:39 | NVDA | buy | $524.950 | short |
| 2021-03-03 10:08:51 | NVDA | buy | $525.210 | short |
| 2021-03-03 10:09:49 | NVDA | buy | $526.010 | short |
| 2021-03-03 10:13:54 | NVDA | buy | $519.290 | 0 |
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