Entered short at the LOD break, while attentively looking at sympathy stock CCL and SPY for direction. While SPY started a run to test VWAP, NCLH barely responded, which was a good indicator of weakness.
After a consolidation it had another breakdown and I added on the LOD breakdown anticipating the breakdown of daily level $29.80. Meanwhile SPY rolled over from VWAP and the trade moved very nicely, especially when breaking the half dollar. Exited by reading the tape.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-08 09:46:12 | NCLH | sell | $30.001 | short |
2021-04-08 10:00:45 | NCLH | sell | $29.820 | short |
2021-04-08 10:00:45 | NCLH | sell | $29.820 | short |
2021-04-08 10:00:45 | NCLH | sell | $29.820 | short |
2021-04-08 10:05:48 | NCLH | buy | $29.475 | short |
2021-04-08 10:05:48 | NCLH | buy | $29.480 | 0 |
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