Bought into tight consolidation on Late Black Friday hoping for a major Short cover Trade near the Close.
Today the market closed at 1pm,
Although many did exit their shorts in haste with 30 min left, there were controlled Sell Walls in the Level II that guided "manipulated" price down and to stabilize each level. All day the sell walls setup up lower and lower. Players front ran all the walls creating super resistance from the levels.
The play was to short all day for many, but was hung up on the previous short cover trade and left my mind thinking going long was the only direction for today to trade short covers.. Marrying trade ideas is k
I wouldn't say the plan to trade the short covers were bad, Since It did play, but I would say the plans were poorly executed and allowing external forces to bog down the mental was pretty bad display of control.
Anyway price didnt break out in a major short cover end of day, although it tried many times. the Sellers getting out before Friday before the weekend were too strong and held price at bay.
Result: small scalp
Suggest: Maybe would want to practice faster scalping in these tighter channels spready Bid and Offer Sreads.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-11-26 12:07:12 | RBLX | buy | $122.590 | long |
2021-11-26 12:08:12 | RBLX | buy | $122.510 | long |
2021-11-26 12:09:11 | RBLX | buy | $122.540 | long |
2021-11-26 12:13:46 | RBLX | buy | $121.920 | long |
2021-11-26 12:15:11 | RBLX | buy | $122.110 | long |
2021-11-26 12:28:47 | RBLX | buy | $122.800 | long |
2021-11-26 12:28:49 | RBLX | buy | $122.850 | long |
2021-11-26 12:28:51 | RBLX | buy | $122.730 | long |
2021-11-26 12:28:53 | RBLX | buy | $122.890 | long |
2021-11-26 12:28:54 | RBLX | buy | $122.950 | long |
2021-11-26 12:28:55 | RBLX | buy | $122.860 | long |
2021-11-26 12:28:56 | RBLX | buy | $122.740 | long |
2021-11-26 12:28:57 | RBLX | buy | $122.850 | long |
2021-11-26 12:28:58 | RBLX | buy | $122.950 | long |
2021-11-26 12:29:00 | RBLX | buy | $122.927 | long |
2021-11-26 12:29:02 | RBLX | buy | $122.850 | long |
2021-11-26 12:29:02 | RBLX | buy | $122.850 | long |
2021-11-26 12:29:05 | RBLX | buy | $122.850 | long |
2021-11-26 12:29:05 | RBLX | buy | $122.850 | long |
2021-11-26 12:29:12 | RBLX | buy | $122.710 | long |
2021-11-26 12:29:12 | RBLX | buy | $122.710 | long |
2021-11-26 12:29:22 | RBLX | buy | $122.630 | long |
2021-11-26 12:29:24 | RBLX | buy | $122.718 | long |
2021-11-26 12:29:24 | RBLX | buy | $122.718 | long |
2021-11-26 12:29:40 | RBLX | buy | $122.826 | long |
2021-11-26 12:29:42 | RBLX | buy | $122.700 | long |
2021-11-26 12:59:10 | RBLX | sell | $122.800 | 0 |
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