On main watch for the break of R1=$265 and the move to R2=$273.5, after 2-weeks of sideways action, handling QQQs correction like a champ.
I lost filler size yesterday trying to anticipate the break-out, but got rejected and roller-over all the way to $255.
So today I wasn't going to anticipate. Premarket plan was to get "long" only if it managed to clear and hold above R1=$265, for the next leg higher.
Got rejected at 1st attempt, but showed strength holding VWAP. 2nd attempt broke higher on increasing volume.
Got long Tier 0 at the back-test of R1=$265, risking previous low $263.5, expecting to hold and move higher. QQQs very strong-market alignment-, it was now or never.
(-) Missed the add since I got out for a mid-session walk. I should have put a stop-buy $265.5-265.7s for additional size.
Sold 30% in-front of $268, thought of adding just before the close as it flushed right into R1, but decided to stay put. No need for heroes in this tape.
Held remaining 70% as a swing despite not having enough cusion on the name. On the other hand, I don't have the size I wanted, so I can give it a bit of room if it wants to stay special.
03/10/2021
Sold small form swing size premarket.
Bought the morning flush to S1=$266.5 and yesterday close=$266, wanting to add more in case it tested S2=$265. Sold the bounce higher.
Once I realized that it cannot lift-off, moved stop to LOD. Stopped out of whole position...
Infinite amount of chop-chop!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-09 11:52:26 | FB | buy | $265.060 | long |
2021-03-09 13:34:08 | FB | sell | $267.890 | long |
2021-03-10 09:11:35 | FB | sell | $268.930 | long |
2021-03-10 09:38:34 | FB | buy | $266.660 | long |
2021-03-10 09:43:59 | FB | buy | $266.370 | long |
2021-03-10 09:46:04 | FB | sell | $267.220 | long |
2021-03-10 09:53:20 | FB | sell | $268.250 | long |
2021-03-10 09:59:36 | FB | sell | $267.100 | long |
2021-03-10 10:21:46 | FB | sell | $265.630 | 0 |
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