Shared by
spyrosz
3rd day up, about to open in-front of R1=daily resistance level=9SMA@daily=$390, with R2=confluence of MAs slightly above=20SMA@daily=9SMA@weekly=$391.6.
Premarket plan was to get "short" at the opening pop to R1=$390, risking tight stop above the level in order to be able to re-engage closer to R2.
Player somewhat per plan. Opened strong, popped to R1, got rejected.
Got short filler size, risking 50c above R1 $390.5s, added one momo tier once it took out VWAP and premarket support pivot=$388.3, same stop for whole size, expecting daily gap-fill to $386.
Had one more pop to tag R1=$390 to the penny before the roll-over.
Used the pop to add another tier, risking same stop $390.5s.
Covered per plan.
(-) Should have scaled out of the momo add once it reclaimed VWAP and $388.3 pivot, and rallied higher VS bag-holding it all the way to R1=$390..
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-12 09:38:40 | QQQ | sell | $388.830 | short |
| 2022-01-12 09:45:07 | QQQ | sell | $388.010 | short |
| 2022-01-12 10:01:07 | QQQ | sell | $388.880 | short |
| 2022-01-12 10:25:43 | QQQ | sell | $389.390 | short |
| 2022-01-12 10:39:30 | QQQ | buy | $387.300 | short |
| 2022-01-12 10:52:41 | QQQ | buy | $386.230 | short |
| 2022-01-12 11:25:51 | QQQ | buy | $386.550 | 0 |
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