Shared by
spyrosz
Rally into 9SMA@daily after 6 consecutive brutal down-days, but most importantly, into a MASSIVE multi-month prior support level (now resistance) R1=$516, with many longs trapped/bag-holding from higher prices...I am a seller.
Got short Tier 0 as it pushed thru R1=$516, risking $520s, added Tier I at the lower high, tightening stop to HOD=$519 for the whole position, expecting the move back to where it came from --> S1=$505.
Resolved quickly. Covered small at VWAP, bulk in-front of S1=$505. Missed the last cover in-front of yesterday's close=$500.5 for cents, so I got flat as it reclaimed S1.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-10 09:49:16 | NVDA | sell | $515.490 | short |
| 2021-03-10 09:50:49 | NVDA | sell | $516.960 | short |
| 2021-03-10 09:53:38 | NVDA | sell | $518.060 | short |
| 2021-03-10 10:04:36 | NVDA | sell | $516.090 | short |
| 2021-03-10 10:09:43 | NVDA | sell | $516.450 | short |
| 2021-03-10 10:12:08 | NVDA | sell | $515.400 | short |
| 2021-03-10 10:18:11 | NVDA | sell | $514.890 | short |
| 2021-03-10 10:21:07 | NVDA | buy | $512.790 | short |
| 2021-03-10 10:22:53 | NVDA | buy | $510.550 | short |
| 2021-03-10 10:28:00 | NVDA | buy | $507.550 | short |
| 2021-03-10 10:29:27 | NVDA | buy | $506.110 | short |
| 2021-03-10 10:46:14 | NVDA | buy | $507.660 | 0 |
Comments
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Nice trade! Good entry and exit plan. Thanks for sharing.