MTCH Trade on Dec 21, 2021 10:26 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Broke the bottom boundary=$130 of 1.2yr long channel, essentially putting into losing positions every 21' buyer. Bounced hard from $121, tried to reclaim the level, but got brutally rejected at $140, rolled over and made new lows < $120.

If this thing starts holding clearly below $130, with sellers stepping down & rejecting price, and 21' buyers lose hope, the measure move is $100ish.

-- Got short filler size at the bounce towards $130, risking previous peak=$141.5
-- Want to add Tier 0 once it starts holding below & rejecting $130 for a couple of days, with seller becoming obvious.
-- 1st target $117 at a minimum, measured moved is $92-100

Reclaimed $130 but failed to hold above...AGAIN. Nice red candle on 01/05/22, breaking back below the pivot on increasing volume, below 9/

20SMA@daily
. Two inside days rejecting the pivot almost to the penny.

-- Added Tier 0 per plan, tightened stop for whole trade at lower high=$138.

01/12/2022
I really like how it started to reject previous bottom channel boundary=$130 & 9/20SMA@daily to the penny. 21' buyers need to sh@t the fan and capitulate...

-- Added another tier, same stop for whole size $138.

01/14/2022
Finally thru support pivot=$121.5 and quick sell-off towards $119.
Small cover at $119 whole number, will cover more at 1st target $117.

-- Re-added what I covered at the bounce from $119 towards $121.5=previous support level & VWAP.
-- Tightened stop for whole size above $130.

01/18/2022 - 02/23/2022
Covering into $110s, main target is $100!

02/24/2022
Covered bulk into $100 main target, will trail 9SMA@weekly for remaining size.

03-07/08-2022
Wow. What a trade. I wrote $92-100 measured move when I put the trade on back in 12/21/21..and here we are!!!
Covered $92s per plan.

Remaining 10% with stop $106.11., will trail previous significant support pivots.

03-15-2022
Flat the stock. Annihilation trade. I am good even if it continues lower w/o me.

image


Execution detail:

Date/time Symbol Side Price Position
2021-12-21 10:26:54 MTCH sell $127.893 short
2022-01-07 10:11:26 MTCH sell $126.990 short
2022-01-10 10:07:34 MTCH buy $122.085 short
2022-01-12 09:40:40 MTCH sell $125.000 short
2022-01-14 11:05:35 MTCH buy $119.650 short
2022-01-14 11:51:22 MTCH sell $120.665 short
2022-01-18 09:30:37 MTCH buy $117.220 short
2022-01-24 09:54:59 MTCH buy $111.580 short
2022-01-28 14:43:03 MTCH buy $106.850 short
2022-02-01 14:53:35 MTCH buy $110.225 short
2022-02-23 10:22:36 MTCH buy $107.058 short
2022-02-24 07:00:00 MTCH buy $99.990 short
2022-03-04 12:14:58 MTCH buy $98.050 short
2022-03-07 10:26:21 MTCH buy $93.110 short
2022-03-08 10:11:10 MTCH buy $85.995 short
2022-03-15 15:20:14 MTCH buy $86.897 0


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