Shared by
diemo
Big Picture
SPY makes another reversal
Daily
UPST - After a sell off day yesterday price opens at the lower end of the yesterdays price range.
Idea
When support at 88.88 breaks - short
Execution
I saw the price break the level. I wanted to get in at all costs. That's why I startet with a small position and added a little later on the next LH. A big seller gave me another opportunity to add to position another time. As I needed to stop trading in a couple of minutes I wanted to make sure I get the most out of my position.
Rating
6/10
- Good entry with a small position.
Chart
Learning
- Better leave trade open and don't set SL too close. A winner is a winner and a looser is a looser. Accept that.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-13 11:06:00 | UPST | sell | $87.910 | short |
| 2021-05-13 11:43:00 | UPST | sell | $86.410 | short |
| 2021-05-13 11:59:00 | UPST | buy | $84.460 | short |
| 2021-05-13 12:01:00 | UPST | sell | $85.170 | short |
| 2021-05-13 12:30:00 | UPST | buy | $84.730 | 0 |
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