Shared by
spyrosz
Another chart very similar to $SQ. Nose-dive and gap-down into major long-term support level=long-term ascend. support trendline=$421.
-- Got long Tier 0 premarket as it was trading sub-$421s, risking 0.5xATR=$11 below the level, $409s
-- Immediately reclaimed $421 at the open and rallied all-day, w/o providing any significant pullback towards VWAP for a safe add.
-- Sold 1/2 after morning rally stalled around $445s, thinking I will reload + add more closer to VWAP, but that never happened.
-- Target $495 for remaining 50%
03-04-2022
Flat as it lost $456 pivot.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-24 08:16:30 | ADBE | buy | $415.180 | long |
| 2022-02-24 10:29:02 | ADBE | sell | $445.730 | long |
| 2022-03-04 11:05:55 | ADBE | sell | $451.955 | 0 |
Leave a comment about this trade!
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!