On main watch after 4 consecutive unsuccessful attempts to remount R1=major daily resistance level/inflection point=$317, expecting a move towards R2=20SMA@daily=$330, possibly R3=$340.
Opening drive thru R1=$317, placed bid for half-Tier 0 size in-front of R1 so as to get long at the backtest of the level.
Got long half-Tier 0, risking LOD=$310, expecting another 5min consolidation above R1, add more size vs low of pullback, and then move to R2.
ROKU went fast+furious w/o giving any more calculated long entries, so I remained under-sized here...
Sold small at the move to $322, bulk at the quick pop to $327, and then....got flat.
(-) Terrible last exit. Absolutely NO reason to get flat while it was flagging below R2=$330,
-- esp. since I had already sold most size,
-- I was under-sized to begin with.
I got flat minutes before the flag resolved to the upside and price squeezed to $332.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-18 09:45:02 | ROKU | buy | $317.160 | long |
2021-05-18 09:55:45 | ROKU | sell | $321.710 | long |
2021-05-18 09:57:40 | ROKU | sell | $326.000 | long |
2021-05-18 10:18:39 | ROKU | sell | $326.930 | 0 |
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