QCOM 20/200MA in this stock were tight in a strong sector today. The stock did show some relative strength compared to the rest of the market which was selling off. I got in on the third candle which was a 2 minute candle it engulfed the first two. this wasn't really an optimal entry however it was fine. The stock then was very choppy and then it eventually began to work the trade. I re added and then ended up having to wait through consolidation again. it was slightly risky but it did end up going through the high of day again. and I managed to read the tape well and I notice there was a massive order add a whole number so I just got out as soon as it popped again. I basically top ticked the stock as the big order on the ask was not getting taken. The setup was not perfect and next time I would like to get out on the first couple of green candles to maximise my gains.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-02 09:36:00 | QCOM | buy | $182.000 | long |
2022-02-02 10:03:00 | QCOM | buy | $183.980 | long |
2022-02-02 11:01:00 | QCOM | sell | $185.340 | 0 |
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