Came in my desk 9:45am having missed the open. No premarket preparation.
Had HOG on main watch for days now, for the break of $37 but passed as RVOL<50%, very light volume. Too bad it ended up being the easy trade...
Found BABA action interesting. Lost S1=$234 + 9SMA@daily at open, and flushed to S2=$231.2. Very weak tape and price action. Bounced to VWAP and got brutally rejected. Below S2, next major daily support at S3=$228.3. Thought it would be tested.
Got short filler size after VWAP rejection to the penny, risking above the wick $232.5, added Tier 0 after lower high below VWAP, added one momo tier once it took out LOD=$231.2 and held below, risking the level remount for the add, expecting the move to S3=$228.3 to cover bulk.
Covered small in-front of $230, more after the "Double Bottom". Reloaded small as it got really tight and seller at $231.8s was holding, risking tight stop above, thinking it would roll-over. Tried to but got bought instantly (knew at that moment my fate was sealed and I should have covered) and it squeezed higher.
Got some slippage, gave back small.
Decent. Didn't touch anything else for the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-12 10:03:12 | BABA | sell | $231.480 | short |
2021-03-12 10:10:31 | BABA | sell | $231.580 | short |
2021-03-12 10:10:54 | BABA | sell | $231.470 | short |
2021-03-12 10:10:54 | BABA | sell | $231.460 | short |
2021-03-12 10:11:04 | BABA | sell | $231.270 | short |
2021-03-12 10:14:55 | BABA | sell | $231.040 | short |
2021-03-12 10:28:01 | BABA | buy | $230.160 | short |
2021-03-12 10:48:27 | BABA | buy | $230.700 | short |
2021-03-12 10:48:34 | BABA | buy | $230.746 | short |
2021-03-12 11:05:18 | BABA | buy | $230.380 | short |
2021-03-12 11:06:49 | BABA | buy | $230.490 | short |
2021-03-12 11:15:05 | BABA | sell | $230.630 | short |
2021-03-12 11:15:05 | BABA | sell | $230.640 | short |
2021-03-12 11:19:35 | BABA | sell | $230.580 | short |
2021-03-12 11:28:49 | BABA | sell | $230.600 | short |
2021-03-12 11:35:39 | BABA | sell | $230.530 | short |
2021-03-12 11:39:40 | BABA | buy | $231.110 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!