Shared by
spyrosz
Tight daily chart and premarket gap-up above R1=major multi-week resistance level=$155. Above R1, next resistance at R2=$157.25, then R3=ATHs=$161.69.
Premarket plan was to get "long" at the flush to R1=$155, expecting to hold and bounce higher towards R2.
Played per plan. Flushed to R1=$155, got long Tier 0, risking yesterday's support pivot=$154, wanting to add thru VWAP remount for the move to R2.
(-) Never added momo tier thru VWAP...for unknown reason. Unacceptable miss #1.
Sold small in-front of opening print, and (-) never reloaded size + add more, during the consolidation above VWAP+yesterday's close, missing on a picture-perfect bull flag. Very clean price action, unacceptable miss #2.
-- bid long in-front of VWAP, stop yesterday's close
-- momo add thru flag resolution
--> Simple as that.
Sold rest at the rally to target R2=$157.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-05 09:31:34 | JPM | buy | $155.160 | long |
| 2021-05-05 09:47:01 | JPM | sell | $155.820 | long |
| 2021-05-05 09:47:07 | JPM | sell | $155.800 | long |
| 2021-05-05 09:51:21 | JPM | sell | $155.880 | long |
| 2021-05-05 09:53:22 | JPM | sell | $156.140 | long |
| 2021-05-05 10:44:20 | JPM | sell | $156.520 | long |
| 2021-05-05 10:58:43 | JPM | sell | $156.830 | long |
| 2021-05-05 11:01:46 | JPM | sell | $156.980 | long |
| 2021-05-05 11:07:01 | JPM | sell | $157.110 | 0 |
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