Shared by
spyrosz
I was praying for that opening pop to R1=$73 which would have been A++ short setup vs premarket high.
But didn't play per plan and I had to re-evaluate. Opened weak and flushed towards S1=$36 putting a LOD=$41.3. At the bounce back to VWAP,
got short Tier 0, risking above the m.average $58s, expecting to roll-over and test LOD at a minimum.
Covered half in-front of LOD, and...put bid at $37.11 to get flat. Missed the fill 50c or sth:/ Tough, but also (-) bad trading not to hit the offer and get flat, instead I desperately tried to get filled at the bid....and never covered. lol
Reclaimed previous LOD and moved towards VWAP. Reloaded some, risking tight stop above VWAP $50.5, expecting low 40s in the afternoon.
Got stopped out per plan.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-03 10:11:00 | AMC | sell | $54.190 | short |
| 2021-06-03 10:53:24 | AMC | buy | $45.030 | short |
| 2021-06-03 12:15:07 | AMC | sell | $49.110 | short |
| 2021-06-03 12:53:12 | AMC | sell | $47.500 | short |
| 2021-06-03 12:58:14 | AMC | buy | $51.000 | 0 |
Comments
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this is a great trade. Very similar to how i executed. Great patience by you. Also great stop out. Well done