Shared by
spyrosz
Missed at MAUs vs est. and got smoked premarket. Big gap-down below major ascend. support line coming at R1=$69. R2=premarket resistance pivot=$70. No support until S1=$65.7.
Premarket plan was to get "short" the opening pop to R2=$70, expecting to reject price, add more size through R1 break/loss, for the sell-off all the way down to S1.
Opened below R1 and quickly moved lower. Thought I missed it. But found a bid and did a quick reversal back to R1.
Got short Tier 0, risking tight stop above R1=$69, expecting to reject and roll over back to LOD.
Got stopped out as I forgot that this name is spiky as
Shorted half-tier 0 at VWAP break, risking R1, added full tier at 2nd rejection of the m. average to the penny, tightening stop for whole position above VWAP, expecting the move to S1.
Remained weak rest of day. Covered towards the target, all out once it "double bottomed" at $66.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-28 09:38:18 | PINS | sell | $68.270 | short |
| 2021-04-28 09:41:40 | PINS | sell | $68.830 | short |
| 2021-04-28 09:46:49 | PINS | sell | $68.340 | short |
| 2021-04-28 09:49:20 | PINS | buy | $69.360 | 0 |
| 2021-04-28 10:14:20 | PINS | sell | $68.460 | short |
| 2021-04-28 10:53:39 | PINS | sell | $68.190 | short |
| 2021-04-28 10:53:39 | PINS | sell | $68.190 | short |
| 2021-04-28 11:24:19 | PINS | buy | $67.270 | short |
| 2021-04-28 12:32:49 | PINS | buy | $66.710 | short |
| 2021-04-28 13:58:37 | PINS | buy | $66.180 | short |
| 2021-04-28 15:25:34 | PINS | buy | $66.250 | 0 |
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