I was coming into the day with bullish bias for the QQQs, thinking
a) if it opens $314-315, I will try to buy the opening flush to daily support=$310, risking $308s
b) if it breaks below $310 in the morning but quickly re-captures the level, I will buy vs LOD
As it turned out, a) was out-of-the-question, as Qs opened right in-front of $310 and sold-off lower instantly. However, put a bottom at $305s, reversed and reclaimed $310 opting for scenario b).
Got long Tier 0 as the pullback to support $310 and VWAP got bought, and a higher low was established, risking the higher low=$308, expecting to go green.
Sold into yesterday's close=$313s, sold more higher $315s.
Reloaded some size in-front of $310s which was holding, tightening stop for whole size below $309s, thinking they will squeeze it into the close, but that would have happenned 100% last year, not in 2022.
Noone wants to take risk over the weekend.
Lost $310s and I got flat for a decent winner. I can still day-trade:)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-05-06 10:41:02 | QQQ | buy | $309.960 | long |
2022-05-06 10:45:22 | QQQ | buy | $310.260 | long |
2022-05-06 10:54:57 | QQQ | sell | $312.880 | long |
2022-05-06 11:03:18 | QQQ | sell | $311.690 | long |
2022-05-06 11:03:18 | QQQ | sell | $311.690 | long |
2022-05-06 11:22:33 | QQQ | sell | $314.880 | long |
2022-05-06 12:07:41 | QQQ | sell | $312.920 | long |
2022-05-06 12:19:13 | QQQ | buy | $310.690 | long |
2022-05-06 12:48:42 | QQQ | buy | $312.320 | long |
2022-05-06 12:50:14 | QQQ | sell | $311.320 | long |
2022-05-06 12:50:43 | QQQ | sell | $311.410 | long |
2022-05-06 12:50:43 | QQQ | sell | $311.410 | long |
2022-05-06 13:00:34 | QQQ | sell | $313.060 | long |
2022-05-06 13:05:57 | QQQ | sell | $312.650 | long |
2022-05-06 13:13:27 | QQQ | sell | $312.250 | long |
2022-05-06 13:53:21 | QQQ | sell | $309.320 | 0 |
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