Shared by
spyrosz
Looks interesting here, having broken the $33 major support level and now actively trading at lower prices. The $SNAP news drove it lower towards AVWAP from COVID low, but bounced back all the way to $33-now major resistance.
Opening pop towards $33 quickly got sold-off and as market turned south,
-- Got short filler size, risking 1xATR=$1 above the resistance level $34s
-- Want to see seller continue rejecting price around $33 area. Will add Tier 0 at any pop towards $33s, as now seller has established himself.
-- 1st target $30s, main target recent low=AVWAP from Covid low=$27-28s
06-10-2022
No additional chance to add more size here. Waited for $33 pop that never came, didn't chase lower. End result I am in but not with the size I wanted.
Already in-front of 1st target $30s, so took some off.
Next one is recent low=AVWAP from Covid low=$27-28s to cover bulk..
06-14-2022
Covering as main target=$27-28 area has been reached. Less than 50% size now, trying to be patient and see what it wants to do from here..
06-16-2022
Sliced through AVWAP from COVID lows like it wasn't there. Covering more.
30% remaining size here..
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-01 09:35:12 | IPG | sell | $32.465 | short |
| 2022-06-10 09:46:09 | IPG | buy | $29.226 | short |
| 2022-06-13 09:29:55 | IPG | buy | $28.060 | short |
| 2022-06-13 11:13:30 | IPG | buy | $27.850 | short |
| 2022-06-14 10:58:48 | IPG | buy | $27.965 | short |
| 2022-06-14 14:05:37 | IPG | buy | $27.731 | short |
| 2022-06-16 09:35:04 | IPG | buy | $27.300 | short |
| 2022-06-16 14:50:47 | IPG | buy | $26.630 | short |
| 2022-09-26 13:25:27 | IPG | buy | $25.210 | 0 |
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