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/
-- 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.
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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