Put ATL=$310 at IPO and defended it last six sessions.
Caught my attention yesterday as it set up a "bear" trap at the open, squeezed higher, but failed to hold levels rolling over back to $310.
Premarket it was chopping around R1=$310 about to open below the level. Premarket plan was to "short" the opening pop to R1=$310, risking stop at yesterday's close=$312.
Traded my plan.
Opened below R1, pushed higher, offers for Tier 0 size got hit in-front of R1=$310, risking $312s.
Got stopped out. Nasty rejection brought price back below R1 and VWAP.
Reloaded size, same plan, stop at HOD=$313.5.
Bid failed to hold above $310 and quickly sold off to LOD=$304-305.
Started getting a feeling of how it trades, stock to put offers in-front of inflection points, not press short lower, as it likes to spike all over the place. And just nailed the entries from that point on..
Added another half-tier at the market gift-pop back to R1=$310, and another half tier at the spike to VWAP which has rejected previously two times to the penny, tightening stop above R1=$310, expecting move to $300 whole number...for starters. Below $300, next stop IPO price=$250.
Got hit with market. Covered small in-front of $300, bulk at the $10 flush to $290. Tightened stop to $306 for rest size. Weak close and I would hold swing short.
Didn't want to reload size, but as it moved to $300 I saw Cathie?? sitting at $294.03 displaying 26,000 shares, so I said "what the heck..".
Reloaded small at the pop to the $300 + intraday downtrend + VWAP, risking above the m. average for the add, expecting the move to take that liquidity.
Covered at the flush to LOD.
Holding 30% of core as swing short, stop $306, target IPO=$250.
(+) premarket plan, legit executions, excellent tape reading for the win, potential home-run if BTC breaks 50k..
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-22 09:31:40 | COIN | sell | $308.610 | short |
2021-04-22 09:35:35 | COIN | sell | $309.800 | short |
2021-04-22 09:38:02 | COIN | buy | $312.580 | 0 |
2021-04-22 09:42:49 | COIN | sell | $308.900 | short |
2021-04-22 09:44:12 | COIN | sell | $309.900 | short |
2021-04-22 10:39:51 | COIN | sell | $309.480 | short |
2021-04-22 11:42:33 | COIN | sell | $307.290 | short |
2021-04-22 13:42:07 | COIN | buy | $301.640 | short |
2021-04-22 13:44:02 | COIN | buy | $300.550 | short |
2021-04-22 13:56:33 | COIN | buy | $293.070 | short |
2021-04-22 15:01:01 | COIN | sell | $300.010 | short |
2021-04-22 15:25:17 | COIN | buy | $295.030 | short |
2021-04-22 15:35:45 | COIN | buy | $295.110 | short |
2021-04-22 15:47:05 | COIN | buy | $293.060 | short |
2021-04-22 15:51:32 | COIN | buy | $290.550 | short |
2021-04-22 15:59:58 | COIN | buy | $293.000 | short |
2021-04-26 07:16:10 | COIN | buy | $304.540 | 0 |
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