Shared by
yoosh-simulator
Yesterday was a big green candle, so I should have thought this would retest about 50%.
I thought I saw the $259.50 levels holding and went long first and cut my losses quickily on this for a 3% loss which is good, I did this by selling the initial bounce after the dump. This is risky because if it does not bounce you will keep holding.
I flipped short and sold near the bottom because we were on the 5th wave count.
At this point I was up $71 on the stock and then tried to trade the bounce. If this was a first red day this would have been a good tactic, but because this was just retesting 50% of the previous day, it was not great and I got chopped up gave back all my profits
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-16 09:37:46 | FEB18'22 265 CALL | buy | $9.050 | long |
| 2022-02-16 09:39:23 | FEB18'22 265 CALL | sell | $8.710 | 0 |
| 2022-02-16 09:41:33 | FEB18'22 250 PUT | buy | $7.650 | long |
| 2022-02-16 09:51:15 | FEB18'22 250 PUT | sell | $8.700 | 0 |
| 2022-02-16 10:02:20 | FEB18'22 250 PUT | buy | $7.950 | long |
| 2022-02-16 10:08:42 | FEB18'22 250 PUT | sell | $7.150 | 0 |
| 2022-02-16 10:14:55 | FEB18'22 250 PUT | buy | $7.750 | long |
| 2022-02-16 10:20:23 | FEB18'22 250 PUT | sell | $7.800 | 0 |
| 2022-02-16 10:24:15 | FEB18'22 250 PUT | buy | $7.650 | long |
| 2022-02-16 10:29:28 | FEB18'22 250 PUT | sell | $7.350 | 0 |
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