Shared by
spyrosz
Gapped-down on earnings day (Day I) and set up range. On Day II, sellers protected the gap and it printed an inside day. S1=Day II LOD=$58.5, S2=Day I LOD=$58
Break and hold below S2=Day I LOD=$58 and there is air until S3=$56 which is the upper boundary of a multi-year (back from 2017) channel --> major support level.
Opened weak and immediately flushed below S1=$58.5. Backtested the level, got rejected and moved to S2=$58...
(-) Missed the entry, missed the easy trade because I focused on AMD. Very bad miss:/
Late to the party, saw that remained weak rejecting VWAP,
built my Tier 0 size slowly, risking above the m.average $58.25, expecting more downside in the afternoon session, $57-57.5s to cover my size.
Covered $57.8s as I couldn't hold into AMD earnings.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-27 11:09:34 | INTC | sell | $58.090 | short |
| 2021-04-27 11:34:24 | INTC | sell | $58.015 | short |
| 2021-04-27 12:21:04 | INTC | sell | $58.080 | short |
| 2021-04-27 13:14:57 | INTC | sell | $58.000 | short |
| 2021-04-27 13:43:13 | INTC | sell | $57.920 | short |
| 2021-04-27 15:35:25 | INTC | buy | $57.830 | short |
| 2021-04-27 15:46:36 | INTC | buy | $57.780 | short |
| 2021-04-27 15:50:14 | INTC | buy | $57.830 | short |
| 2021-04-27 15:52:04 | INTC | buy | $57.870 | short |
| 2021-04-27 15:53:02 | INTC | buy | $57.930 | 0 |
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