Shared by
JRockTrades
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After Friday I was very bullish on BILL. I kept watching price action all morning and no real buyers stepped up at all. If you didn't include Friday, then it was screaming short. I stalked the shit out of this, skipping entry after entry. My best idea was to short against a leak over VWAP at the 282 area. I had offers to get short there that got hit. I put my stop at 283.05 and I actually saw that number flash on the time and sales, but my stop didn't hit.
I took a larger than normal risk here, but I considered this my best trade idea for the day and I was looking for 5:1, or about $500 of reward. I got that plus some when the 275 level dropped and it went all the way to 270. I used this capitulation looking move as an area to cover the remainder of my position since I was past my profit target.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-08-30 10:49:25 | BILL | -100 | $281.990 | -100 |
| 2021-08-30 10:55:51 | BILL | 10 | $280.070 | -90 |
| 2021-08-30 11:01:51 | BILL | 9 | $278.430 | -81 |
| 2021-08-30 11:01:59 | BILL | 1 | $278.430 | -80 |
| 2021-08-30 11:02:05 | BILL | 10 | $278.260 | -70 |
| 2021-08-30 11:09:45 | BILL | 10 | $273.655 | -60 |
| 2021-08-30 11:10:02 | BILL | 10 | $274.000 | -50 |
| 2021-08-30 11:11:29 | BILL | 10 | $273.330 | -40 |
| 2021-08-30 11:11:31 | BILL | 10 | $272.895 | -30 |
| 2021-08-30 11:14:40 | BILL | 30 | $274.459 | 0 |
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