Shared by
dpaleo
Tags:
Fade
Was there edge? Yes, big move with extension on no news (30% short int so likely someone trying to manufacture squeeze). 1st entry good (small and into highest volume 1min bar). 2nd entry a mistake, either needs to be on break back below $35, or on next leg higher.
Should I have lightened up (time stop) if not working? I did on 1min hammer off $35 level. Good defense. Was able to add back and more on break of $35
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2022-05-31 12:54:53 | SAVA | -200 | $35.870 | -200 |
| 2022-05-31 12:57:38 | SAVA | -200 | $35.840 | -400 |
| 2022-05-31 12:57:38 | SAVA | -100 | $35.830 | -500 |
| 2022-05-31 13:06:27 | SAVA | 200 | $35.390 | -300 |
| 2022-05-31 13:10:25 | SAVA | -100 | $34.920 | -400 |
| 2022-05-31 13:10:25 | SAVA | -100 | $34.900 | -500 |
| 2022-05-31 13:11:26 | SAVA | -100 | $34.760 | -600 |
| 2022-05-31 13:13:16 | SAVA | -96 | $34.380 | -696 |
| 2022-05-31 13:13:16 | SAVA | -4 | $34.360 | -700 |
| 2022-05-31 13:17:09 | SAVA | 300 | $33.580 | -400 |
| 2022-05-31 13:17:39 | SAVA | 100 | $33.320 | -300 |
| 2022-05-31 13:18:34 | SAVA | 100 | $33.070 | -200 |
| 2022-05-31 13:18:57 | SAVA | 100 | $32.680 | -100 |
| 2022-05-31 13:30:27 | SAVA | 50 | $32.360 | -50 |
| 2022-05-31 13:30:48 | SAVA | 50 | $32.060 | 0 |
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