Shared by
diemo
Big Picture
SPY gaps down with a strong reversal opening
Intraday
DDD - 2nd day earnings - Gap up - opens near support. 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
As the important level has been broken pretty quickly after the opening, I entered above it, hoping it holds.
But my mission is to mainly look for entries on pull back to VWAP
Execution
All in all, I have to say that this one worked pretty well. I focused on improving my skills to enter around VWAP and where to put the SL.
Rating
9/10
- Did a pretty good job taking profits on highs and buy on lows.
- Been stopped out once. Keep an eye on how fast price turns and try to foresee how it's going to be the next time.
Chart
Learning
- If the price turns slowly I don't need to hurry up jumping into a position.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-11 09:34:00 | DDD | buy | $20.340 | long |
| 2021-05-11 09:43:00 | DDD | sell | $21.080 | long |
| 2021-05-11 09:53:00 | DDD | sell | $21.240 | 0 |
| 2021-05-11 09:54:00 | DDD | buy | $20.700 | long |
| 2021-05-11 09:58:00 | DDD | sell | $21.240 | long |
| 2021-05-11 09:58:00 | DDD | sell | $21.920 | 0 |
| 2021-05-11 10:26:00 | DDD | buy | $21.920 | long |
| 2021-05-11 10:32:00 | DDD | sell | $21.340 | 0 |
| 2021-05-11 10:34:00 | DDD | buy | $21.480 | long |
| 2021-05-11 10:53:00 | DDD | sell | $22.290 | 0 |
| 2021-05-11 11:00:00 | DDD | buy | $21.850 | long |
| 2021-05-11 11:16:00 | DDD | sell | $22.250 | long |
| 2021-05-11 11:28:00 | DDD | buy | $21.850 | long |
| 2021-05-11 11:35:00 | DDD | sell | $21.900 | 0 |
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