Same thesis at the 12/21/2021 trade (the stop-out there was rather unfortunate:/).
Nice roll-over on increasing volume, looks ready to continue lower.
-- Got short filler size after got rejected for two consecutive days below $268 pivot, risking stop above 9/20SMA@daily=$276
-- Want to add Tier 0 if it stays below $268 and daily SMAs play a bit of catch-up with current price.
-- 1st target $247 at a minimum, $230s in play
01-10-2021 to 01-24-2021
Never added main Tier, despite stock facing a brutal rejection after pop to $270 and 3-day consolidation above $250 before the break-down.
Stayed with filler size which I also DID NOT TRADE IT properly and covered 80% relatively quickly.
Still in 1/4 of remaining size, stop $252s.
02-10-2022
Opened below $247-251 resistance area=bottom of almost 1-yr channel, got rejected when it tried to reclaim and rolled over.
---> Sellers rejected where they should, now it is holding lower.
-- Enough reason for me to add the size I should have added 1-month ago around $260s
Target $230 at a minimum. Keep an eye on earnings 02/23!!
02-11-2022
Worked like a charm. Took off 40% of recent add in-front of $228s previous support pivot.
Next station low $220s.
02-18-2022
Covered 75% into $220 target. Will hold remaining size through ER on 02/24
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 |
---|---|---|---|---|
2022-01-07 10:01:45 | ADSK | sell | $263.250 | short |
2022-01-10 10:09:32 | ADSK | buy | $253.620 | short |
2022-01-21 10:33:52 | ADSK | buy | $248.710 | short |
2022-01-24 10:19:19 | ADSK | buy | $230.640 | short |
2022-02-10 10:52:24 | ADSK | sell | $246.905 | short |
2022-02-10 10:52:37 | ADSK | sell | $246.740 | short |
2022-02-11 13:48:29 | ADSK | buy | $229.758 | short |
2022-02-11 14:32:36 | ADSK | buy | $228.220 | short |
2022-02-18 10:49:16 | ADSK | buy | $220.220 | short |
2022-03-15 15:20:56 | ADSK | buy | $191.613 | short |
2022-03-15 15:32:30 | ADSK | buy | $192.626 | 0 |
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