Shared by
spyrosz
Yesterday had a fast and furious move on BIG VOLUME, breaking out of a 5-month old base.
I didn't get any size since I wasn't comfortable chasing.
I was hoping for a pullback and backtest of the breakout level S1=$217, or even better S2=$216, to get "long". And pullback we got.
Got long Tier 0 after flush to S1=$217 got bought quickly, risking very tight stop below S1=$217, so as to save risk in case it moved to S2=$216, expecting buyers to step-up and close it above VWAP, or ideally yesterday's close=$220.5.
Sold 15% after push to VWAP, held main size as swing long.
1st target=$223.5, 2nd target ATHs=$230-231.
Also bought it in "Swing Acc."
03/17/2021
Trimmed some in-front of $223.6 daily resistance.
03/22/2021
Trimmed some more closer to $227.5s.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-16 13:12:42 | MCD | buy | $217.870 | long |
| 2021-03-16 14:22:47 | MCD | sell | $219.210 | long |
| 2021-03-16 14:22:57 | MCD | sell | $219.210 | long |
| 2021-03-17 08:18:20 | MCD | sell | $222.100 | long |
| 2021-03-17 09:29:37 | MCD | sell | $223.400 | long |
| 2021-03-17 09:46:20 | MCD | sell | $222.550 | long |
| 2021-03-22 10:28:43 | MCD | sell | $225.620 | long |
| 2021-03-22 13:26:35 | MCD | sell | $226.730 | long |
| 2021-03-29 15:13:00 | MCD | sell | $227.770 | long |
| 2021-04-05 11:40:15 | MCD | sell | $228.940 | long |
| 2021-04-06 14:06:22 | MCD | sell | $231.820 | 0 |
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