Shared by
spyrosz
Yesterday tagged R1=$24 for the 1st time, which is major daily resistance level with many "longs" bag-holding from higher prices. I traded it successfully to the short-side yesterday.
Held prices close to R1=$24, and premarket made a run for it. Opened above the level and tried to push. Put HOD=$25, rolled over, lost VWAP and then broke below R1=$24.
I was out and just happenned to check it on mobile.
Put offer for Tier 0 size in-front of R1, risking $24.5s, expecting a move to S1=yesterday's close=$23, then S2=$22.5.
Thank god I came home after the bounce back to VWAP and VWAP rejection, as I would have micro-managed it probably if I was at the desk.
Covered per plan. Held small size as swing short, stop $24.3, target $21.5.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-09 11:46:35 | SKLZ | sell | $23.940 | short |
| 2021-06-09 14:19:04 | SKLZ | buy | $23.160 | short |
| 2021-06-09 15:42:36 | SKLZ | buy | $22.600 | short |
| 2021-06-09 16:25:16 | SKLZ | buy | $22.120 | short |
| 2021-06-10 10:19:37 | SKLZ | buy | $21.600 | 0 |
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