Shared by
MichaelBLe
Tags:
8:22PM
I took a small position to start the trade off. I was risking a small amount. Noticed a large volume spike intraday.
I continued to add into this name as we broke higher an hour after the first buy. Then I bought again right before the closing bell as we closed at HODs.
It's a heavy position, and there were a lot of break outs happening today. Markets are getting better again and I have to take advantage of it.
6:43AM
I took a small add this morning as the volume was coming in on the push through 87. I moved all my orders to break even, which is the LOD.
8-26
7:47AM
After rebounding well yesterday, The overall market didn't seem very healthy and I should have taken off some partial profits this morning and trust my intuition. I decided to take the entire position off and go short Z as software stocks are failing now.
RBLX shortly broke LOD and yesterday's LOD after I got out. This is a name that I don't want to hold right now being a short term swing trader. The overall chart doesn't look bad, but short term outlook for me personally is a no go.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-08-23 13:14:53 | RBLX | 50 | $84.060 | 50 |
| 2021-08-23 14:09:04 | RBLX | 100 | $84.640 | 150 |
| 2021-08-23 15:59:35 | RBLX | 100 | $85.050 | 250 |
| 2021-08-24 09:36:11 | RBLX | 48 | $87.068 | 298 |
| 2021-08-24 09:36:11 | RBLX | 2 | $87.060 | 300 |
| 2021-08-26 10:35:41 | RBLX | -300 | $87.910 | 0 |
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