grade: a
setup: a
management: a (cut it as planned when it showed strength above 40. Tried to give some room, but the move up was too much.)
LYFT reported lower than estimated revenue and active riders and was down 4% pre-market. Other than that, their numbers were ok. 2.17 ATR. Had a strong drive down at the open (almost a full ATR), so my first thought was short the retracement for continuation. Relative weakness to the SPY. The SPY just had a choppy move sideways the majority of the day. I'm really not sure why this became so strong and even made a 2+ ATR move up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-09 09:34:03 | LYFT | sell | $39.740 | short |
2022-02-09 09:35:03 | LYFT | buy | $40.260 | 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!