Shared by
spyrosz
Looks interesting around $119s=major previous resistance & past break-out level, at least for bounce, after a -30% move from ATHs.
Don't like how the other banks, esp. GS look like with more room to the downside.
Anyway, I decided to take the trade here, taking half-Tier 0, playing defense.
-- Got long half-Tier 0 size at the flush to 119s close to the bell, risking 1xATR=$3.5, say $4 below the level $115s
-- Expecting a strong bounce from here, targeting 9SMA@weekly at a minimum. 2nd target a retest of $141.
05-04-2022
Looks great. Out 50% in-front of $126s resistance.
05-10-2022
Blew it adding a bit too early thinking "higher low", hence ruining my great average..
Flat as it broke $119, made a new low and flushed lower.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-04-29 15:50:00 | JPM | buy | $119.220 | long |
| 2022-05-03 11:07:10 | JPM | sell | $122.720 | long |
| 2022-05-03 11:28:57 | JPM | sell | $123.380 | long |
| 2022-05-04 15:11:14 | JPM | sell | $126.750 | long |
| 2022-05-09 10:49:03 | JPM | buy | $121.710 | long |
| 2022-05-09 13:58:10 | JPM | buy | $122.590 | long |
| 2022-05-10 12:31:46 | JPM | sell | $117.925 | 0 |
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