Shared by
spyrosz
This thing is expensive ("funda"), trades thinly and is all over the place
==> small size, wide stops
Alert hit once it tagged major previous resistance/break-out level=$506.
Decided to try a cute/small bounce from here:
-- Got long filler size, risking 0.5xATR below the level
-- expecting a small bounce towards $536 before any serious attempt to move lower.
-- Will add 0.5xTier 0, if it shows some relative strenght vs Qs, holding above $506 (while Qs move lower) OR if buyer becomes evident in-front of the level.
Had only filler size. Sold 50% on day 2, got flat on day 3 of the bounce.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-07 10:40:56 | ADBE | buy | $507.580 | long |
| 2022-01-11 10:32:24 | ADBE | sell | $530.550 | long |
| 2022-01-12 09:41:57 | ADBE | sell | $535.340 | 0 |
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