Shared by
diemo
Big Picture
SPY gapped up slightly 1.24% after a stronger yesterday afternoon.
and kept on moving up on market open
Daily
SQSP - IPO second day:
(We're seeing a slight uptrend yesterday evening after a strong sell off.)
Idea
There's a lot of room to the next R-level. When price breaks 45.50 - long.
Execution
Entered a little FOMO driven. The price took some time to finally break out the consolidation. As the trend seem to be slow but steady I wanted to add to my long position but didn't get filled as there's been a huge spread. (Demo trading)
I saw a second consolidation. Greed kicked in. Stopped out.
Rating
4/10
- FOMO driven
- spotted small uptrend in consolidation, good!
- Entered the 2nd time (too greedy)
Chart
Learning
From level to level - it's true!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-20 10:08:00 | SQSP | buy | $45.740 | long |
| 2021-05-20 11:34:00 | SQSP | sell | $47.270 | 0 |
| 2021-05-20 12:20:00 | SQSP | buy | $48.700 | long |
| 2021-05-20 12:36:00 | SQSP | sell | $47.630 | 0 |
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