DWAC
Sellers at 18.60 on the tape, keep refreshing, buyers unable to take them out. Buyers at 18.30 - 18.40.
Sellers put a lot of pressure and pushed down to 18.30. When the buyers held sellers stepped down heavy into 18.50
Buyers broke them, and stacking at 18.40. Sell order appears to have filled. Tight stop based on the buyers onthe tape at 18.40. Sellers still at 18.60 but buyers now stacking at 18.50. Broke 18.60 and added with second stop below bids at 18.50.
Sellers evaporated on the tape and stock moved very quickly above 19 which was my profit target. Took off half to lock some in (was up 8R, took in 4R). Since no sellers in sight looking at target of 20. Sellers still not here stock moved to 21 almost instantly and was halting to the upside. Took off 1/3 of remaining shares before the halt.
Stock opened and all sellers that appeared were getting eaten up very quickly. Big offers appeared at 23 and we were starting to see the first sign of struggle. Took off another 1/2 of my remaining shares. Ate through them as well and they re-appeared at 24.50 heavy. Took off half of remaining shares.
Stock pulled back below 23. Used this as a key level since this is wher sellers first appeard. Stock then pushed back up to 24 and sellers were stacking there. It rejected back down to 23 and I took off the rest of the trade. (+31R - MONSTER).
Took a couple of scalps to the upside up to 26. (+31R - MONSTER).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-21 11:45:00 | DWAC | buy | $18.390 | long |
2021-10-21 11:46:00 | DWAC | buy | $18.330 | long |
2021-10-21 11:49:49 | DWAC | sell | $18.650 | long |
2021-10-21 11:50:12 | DWAC | sell | $18.320 | 0 |
2021-10-21 11:52:35 | DWAC | buy | $18.500 | long |
2021-10-21 11:53:45 | DWAC | buy | $18.650 | long |
2021-10-21 11:54:35 | DWAC | sell | $19.200 | long |
2021-10-21 11:55:58 | DWAC | sell | $20.980 | long |
2021-10-21 12:01:32 | DWAC | sell | $22.890 | long |
2021-10-21 12:02:57 | DWAC | sell | $24.360 | long |
2021-10-21 12:05:45 | DWAC | sell | $23.050 | 0 |
2021-10-21 12:09:24 | DWAC | buy | $24.350 | long |
2021-10-21 12:09:34 | DWAC | sell | $23.720 | 0 |
2021-10-21 12:11:11 | DWAC | buy | $24.500 | long |
2021-10-21 12:12:18 | DWAC | sell | $25.570 | 0 |
2021-10-21 12:13:07 | DWAC | buy | $25.880 | long |
2021-10-21 12:15:55 | DWAC | sell | $25.380 | 0 |
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Nice entry and scale out.