Shared by
BanalityOfEvil
Beaten Down Bounce Scalp Trade
Watching this since yesterday. Missed earnings 2 days ago and got dragged down by the market 36 down 27, and then down to 24 yesterday intraday, however reported strong revenue growth. Looking for this to bounce potentially to 30 (main target) possibly 32 as soon as SPY had a strong bounce. Watching as SPY reversed off of 372 level.
very low on BP, would have loved to pickup at least 100 shares.
climbed to $30 target and showed a little less volume on wide green doji so decided to take profit. Moved to 31.50.
Not a great R2S.
Look to hold well planned ideas until R2S.
Good trade but left a little on the table. Markets very choppy and chose to ensure a profit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-05 12:04:38 | PRPL | buy | $26.960 | long |
| 2021-03-05 12:04:40 | PRPL | buy | $27.045 | long |
| 2021-03-05 12:07:18 | PRPL | buy | $26.990 | long |
| 2021-03-05 12:07:22 | PRPL | buy | $27.050 | long |
| 2021-03-05 12:07:40 | PRPL | buy | $27.090 | long |
| 2021-03-05 12:35:02 | PRPL | sell | $29.239 | 0 |
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