Shared by
motqns88
I traded this in conjunction w. the $SPY. When $SPY broke out, $SNAP followed suite. When the $SPY broke down after setting up a bullish looking triangle consolidation, it ended up breaking down instead, so I got out of $SNAP before it followed behind the $SPY. Initially I took a small loss approx. -$5 due to getting out to quickly with the market chop but then reentered when I gained confidence in trusting the $SPY in conjunction w. $SNAP. $SPY was a great indicator for me today in trading this stock.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-04 09:43:13 | SNAP | buy | $35.434 | long |
| 2022-02-04 09:43:26 | SNAP | sell | $35.423 | 0 |
| 2022-02-04 09:43:38 | SNAP | buy | $35.519 | long |
| 2022-02-04 09:44:21 | SNAP | sell | $35.718 | 0 |
| 2022-02-04 09:45:44 | SNAP | buy | $35.844 | long |
| 2022-02-04 09:45:57 | SNAP | sell | $35.920 | long |
| 2022-02-04 09:47:04 | SNAP | sell | $36.324 | 0 |
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