It was great area to enter for supprt and bounc.
Option overal vol. was indicating Bullishness.
So i was confident about long position, but SPY messed everything.
At this time SPY had big swing moves ,Jp - Down.
Earlier in premarket i already traded Lucid to the long side becaus on Baily supprt Key level.
It stayed strong ,reversed completely out of 1min TF trend ehat most of the time if getst parabolic mena bigwr pullback from higs.
Normally best entry would be around strong resistance level if once is there.
If not wait for exsausted candle wit outstanding Volume.
At this time of trading it long i had already short Limit orders around 45$-45.50$ based on Key Daily and 30min TF.
Keep god work with finding Key leves and playing around the, my ideas!
In this example i took los on first trade and it was ok, didn’t do what it should to hold that position.
But after reclaiming important intraday level it confirmed strength.
So took one !arkwt entry and secomd was Limit adding for bigger position.
Sould track more Spy to have feeling what could happend and what direction could Spy choose.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-12-06 10:40:53 | LCID | buy | $42.870 | long |
2021-12-06 10:40:56 | LCID | buy | $42.860 | long |
2021-12-06 10:48:13 | LCID | sell | $42.210 | 0 |
2021-12-06 10:50:24 | LCID | buy | $42.690 | long |
2021-12-06 10:54:48 | LCID | buy | $42.430 | long |
2021-12-06 10:54:54 | LCID | buy | $42.460 | long |
2021-12-06 10:57:33 | LCID | sell | $42.880 | long |
2021-12-06 10:58:21 | LCID | sell | $42.950 | long |
2021-12-06 11:01:53 | LCID | sell | $43.180 | long |
2021-12-06 11:01:53 | LCID | sell | $43.180 | long |
2021-12-06 11:01:53 | LCID | sell | $43.180 | long |
2021-12-06 11:02:17 | LCID | sell | $43.380 | long |
2021-12-06 11:03:07 | LCID | sell | $43.110 | 0 |
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