Shared by
spyrosz
Closed at dead-lows the day before, and lost the all-important S1=$311 daily support level premarket. S2=AVWAP from election day=$310. Break and hold below S1/S2, then minor support at S3=$305-306 area, before S4=$300.
Premarket plan was to get short the opening pop to S1=$311 or even better R1=premarket support/resistance pivot=$312.3s, expecting a rejection there, loss of VWAP and momo sell-off to S3=$305-306.
Played my plan. Got short filler at S1=$311, built core size/Tier 0 at the push to R1, risking tight stop $312.5s, expecting the roll-over.
Covered all -by hotkey mistake- at the flush to $310, which ended up being a good thing:/
Got a bit frustrated by the mistake and the fact that I was left with no position! expecting more downside, so re-shorted very small at the retracement to VWAP, risking $311.5s, just to remain involved....
(-) Gave it wayy more room (up to new highs) since I had small size but that shouldn't be an excuse:/ Proper trading is proper trading.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-25 09:36:27 | QQQ | sell | $310.930 | short |
| 2021-03-25 09:37:36 | QQQ | sell | $311.400 | short |
| 2021-03-25 09:39:09 | QQQ | sell | $311.790 | short |
| 2021-03-25 09:41:16 | QQQ | sell | $312.030 | short |
| 2021-03-25 09:42:37 | QQQ | sell | $311.710 | short |
| 2021-03-25 09:43:31 | QQQ | sell | $311.540 | short |
| 2021-03-25 09:44:45 | QQQ | sell | $311.400 | short |
| 2021-03-25 09:52:09 | QQQ | buy | $310.510 | 0 |
| 2021-03-25 09:55:58 | QQQ | sell | $310.610 | short |
| 2021-03-25 09:56:22 | QQQ | sell | $310.870 | short |
| 2021-03-25 10:02:15 | QQQ | buy | $312.520 | 0 |
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