I was building up a position for a large move on HUT but there was too much selling pressure over 10.90. I and that was my main level to hold for a nice intraday move. I had to stop out and watch this thing fall apart with out having the capital to get short. Overall this was a good trade because I was able to move fast enough to make some profit and I was well positioned for a breakout. This may not have cost me this time but I often find myself losing money on this setup. I think I could have success fading this trade when the level doesn't hold. I will keep studying the setup to get a better strategy for when this could go either way but avoid getting chopped up.
I was bullish on this because btc was up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-06 09:30:59 | 15 OCT 21 11 CALL | buy | $0.7700 | long |
2021-10-06 09:31:31 | 15 OCT 21 11 CALL | buy | $0.8500 | long |
2021-10-06 09:34:12 | 15 OCT 21 11 CALL | buy | $0.7200 | long |
2021-10-06 09:36:28 | 15 OCT 21 11 CALL | sell | $0.8400 | long |
2021-10-06 09:36:28 | 15 OCT 21 11 CALL | sell | $0.8400 | long |
2021-10-06 09:36:28 | 15 OCT 21 11 CALL | sell | $0.8400 | 0 |
2021-10-06 09:36:45 | 15 OCT 21 11 CALL | buy | $0.8600 | long |
2021-10-06 09:38:24 | 15 OCT 21 11 CALL | sell | $0.8200 | 0 |
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