Shared by
diemo
Big Picture
SPY gaps down with a strong reversal opening
Intraday
IGT - 2nd day earnings - Gap up - opens near level. As most of the other symbols on my watch list gapped down with the SPY, this one gapped up and opened near an resistance level.
Idea
When the important level holds entering above it, hoping it holds.
But my mission is to mainly look for entries on pull back to VWAP
Execution
I entered when Price pulled back to level. Unfortunately this level didn't hold.
Rating
6/10
- Good idea, but been to quick.
Chart
Learning
- If the price took a long way to break a level, it needs time to hold it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-11 10:11:00 | IGT | buy | $19.030 | long |
| 2021-05-11 10:13:00 | IGT | sell | $18.970 | 0 |
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