Another one in which I hesitated to short the 2nd time it rejected $160s, and I had to watch it going all the way to $130 w/o me. A bit brutal.
A bit of FOMO here, I had to chase lower and adjust size/risk, or stay on the sidelines again. It remains expensive so I felt better to take the trade, despite losing the proper enrty.
---> Need to be careful here, looks like I am sacrificing the good entries and chasing lower...tststs. Not the way to go:/
It showed strength in-front of previous support (now resistance) pivot=$150 which I was looking closely to short, so I risked wide stop:
-- Got short Tier 0, risking wide stop $160s
-- Expecting to reject either $150 or $160 and roll-over back towards $130
-- Want to add another tier once seller steps down, and $ABNB starts rejecting $150 to the penny, holding lower.
-- 1st target is $130, but if it follows playbook it should see ATL=$121.5 sometime soon.
03-18-2022
Flat per plan. Went the other way around and thru resistance pivot=$160
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-10 10:04:17 | ABNB | sell | $148.450 | short |
2022-03-14 11:59:25 | ABNB | buy | $139.525 | short |
2022-03-16 09:38:52 | ABNB | sell | $149.820 | short |
2022-03-16 09:39:20 | ABNB | sell | $149.500 | short |
2022-03-16 09:39:36 | ABNB | sell | $149.500 | short |
2022-03-18 09:56:37 | ABNB | buy | $161.246 | 0 |
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