Take #2: Tried it after the quick snap-back from $24.3 back to R1=$24. Got short filler size, giving some room up to $24.5s, added Tier 0once it popped to $24.5 but had a strong reversal, risking same stop, expecting to lose the level and start closing below it.
Tape wasn't looking ready to roll-over, so I took a quick stop-out before the pop to $24.3 and sat tight.
Take #3: Popped to $24.3, but this time seller made his presence evident. Unloaded size at $24.3, and this thing got smoked losing R1=$24.
Instantly reloaded previous size hitting the bid, risking HOD=$24.5, added momo tier as it moved away from R1, expecting move to target S1=opening print/yesterday's close=$22-22.4.
Covered on the way to target. Remained weak, below VWAP. Reloaded some at the 1st bounce to VWAP, risking above the m.average, added one momo tier for the $22.75 pivot break, risking $23 for the add, expecting a retest of LOD in the afternoon.
Covered bulk at target, got stopped out of trailer once it remounted $22.75 pivot.
Nice trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-06-08 10:24:44 | SKLZ | sell | $23.960 | short |
2021-06-08 10:32:55 | SKLZ | sell | $24.040 | short |
2021-06-08 10:51:55 | SKLZ | buy | $24.110 | 0 |
2021-06-08 10:54:03 | SKLZ | sell | $23.930 | short |
2021-06-08 10:56:17 | SKLZ | sell | $23.820 | short |
2021-06-08 10:58:51 | SKLZ | buy | $23.570 | short |
2021-06-08 11:06:50 | SKLZ | buy | $23.210 | short |
2021-06-08 11:16:23 | SKLZ | buy | $23.000 | short |
2021-06-08 11:19:39 | SKLZ | buy | $22.660 | short |
2021-06-08 11:44:36 | SKLZ | buy | $22.760 | short |
2021-06-08 12:08:54 | SKLZ | sell | $23.070 | short |
2021-06-08 14:12:15 | SKLZ | sell | $22.850 | short |
2021-06-08 14:56:24 | SKLZ | buy | $22.620 | short |
2021-06-08 15:16:56 | SKLZ | buy | $22.790 | 0 |
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