Shared by
MichaelBLe
Tags:
I took this trade for several reasons.
First off, Fidelity has a stake in this stock. It's not much but it's something. With a big gap down day into the 50 daily MA and the 10 weekly MA, I would think they are starting to accumulate some more down here. The volume in the first hour is pretty large.
Secondly, the stock was supported and actually looked to go above the opening price after the first 30minutes of the day. Jim says to wait 30 minutes and that what I've done in the past also. So after seeing some support, I started to buy into this name...
6-17
7:00AM
My first stop triggered and I gave it not much more time before I decided to get out of the whole position. It felt uncomfortable to me since this is more of a pullback play.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-06-16 09:51:17 | RBLX | 100 | $82.440 | 100 |
| 2021-06-16 09:57:04 | RBLX | 60 | $84.110 | 160 |
| 2021-06-16 10:58:33 | RBLX | 10 | $84.160 | 170 |
| 2021-06-16 10:58:39 | RBLX | 30 | $84.160 | 200 |
| 2021-06-16 14:41:34 | RBLX | -40 | $82.000 | 160 |
| 2021-06-16 14:44:54 | RBLX | -100 | $81.448 | 60 |
| 2021-06-16 14:45:10 | RBLX | -60 | $81.410 | 0 |
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