Losing $1B in a higher rates environment, however managed to stage a rally after ER #s.
Today pushed into major resistance area=long-term previous support level that had been tested multiple times since IPO=$31-32.
Couldn't short it in TD, had to take the trade in intra account (IB).
-- Got short Tier 0, risking 1xATR above resistance=$31 $33s
-- Really liked the strong rejection today of $31 almost to the penny, seller is there.
-- Would like to add another tier if it stays below $31 for a couple more days, getting rejected. I am expecting to roll-over eventually and head back towards $22s
-- 1st target $26, 2nd target $22
02-10-2022
Stopped out literally at the peak of the move. But this thing wasn't playing per plan:/
Can't win them all.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-07 11:00:44 | XM | sell | $30.430 | short |
2022-02-10 10:32:17 | XM | buy | $32.650 | short |
2022-02-10 10:42:18 | XM | buy | $32.810 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!