Shared by
spyrosz
Stellar earnings report but yesterday didn't trade well. It got sold right into the daily ascending support line=$151.5.
On main watch today for continuing weakness and break of the trendline.
Premarket plan was to get "short" only if it managed to break and hold below S1=asc. trendline=$151.5, expecting the move to S2=$150, then S3=$148.5-149.
Played well. Opened weak and flushed below S1 right at the open. Thought I lost it, but put offers in-front of S1 in order to get short at possible backtest.
Offer for Tier 0 size got hit, risking premarket resistance pivot=$152.3, expecting the move to S2. SWEET entry!
Sold some in-front of S2=$150, reloaded for the scalp to S3, bringing stop to $150.5s, covered bulk at $149.5s as tape reversed. Stopped out from small trailer when it reclaimed VWAP.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-15 09:33:05 | JPM | sell | $151.470 | short |
| 2021-04-15 09:40:05 | JPM | buy | $150.110 | short |
| 2021-04-15 10:16:23 | JPM | sell | $149.910 | short |
| 2021-04-15 10:18:28 | JPM | buy | $149.550 | short |
| 2021-04-15 10:26:16 | JPM | buy | $149.628 | short |
| 2021-04-15 10:47:11 | JPM | buy | $150.430 | 0 |
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