This is a second-day play for me. The company had reported earnings last Friday. missed REV. beat EPS. good margins. beaten down. Company stock is down over 50% year to date. The stock had a range breakdown on the open, The stock broke down the previous day's close. This is a very important level as this is the level where buyers bought the stock for a bounce going into the weekend. Breaking down below these levels indicates that the people who bought t those prices are now under the water and they need to get out of their long position or even think about getting short. I entered the trade after we had a tiny consolidation breakdown. I got in with my full lot risking the high of the tiny flag as my stop. trade started working immediately. i took out almost half of my position when price begins to slow down and i added more when we had a tiny consolidation after.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-05-09 10:18:18 | SQ | sell | $87.760 | short |
2022-05-09 10:18:18 | SQ | sell | $87.760 | short |
2022-05-09 10:18:22 | SQ | sell | $87.640 | short |
2022-05-09 10:20:29 | SQ | buy | $87.320 | short |
2022-05-09 10:20:29 | SQ | buy | $87.320 | short |
2022-05-09 10:21:09 | SQ | buy | $86.810 | short |
2022-05-09 10:29:51 | SQ | sell | $86.970 | short |
2022-05-09 10:32:21 | SQ | buy | $86.560 | short |
2022-05-09 10:33:56 | SQ | buy | $86.120 | short |
2022-05-09 10:35:54 | SQ | buy | $86.830 | short |
2022-05-09 10:36:02 | SQ | buy | $86.720 | short |
2022-05-09 10:37:32 | SQ | buy | $86.020 | short |
2022-05-09 10:39:35 | SQ | buy | $85.385 | short |
2022-05-09 10:40:42 | SQ | buy | $86.020 | short |
2022-05-09 10:40:54 | SQ | buy | $86.025 | 0 |
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