This is exactly what I was talking about in my last trade. We made it to settlement but just dipped above the settlement price followed by a failure. ALSO, VWAP was right above settlement. We were in a downtrend @ VWAP, and just above settlement. That is what lead to a great trade.
The only thing is I could have held this longer. I exited due to the fact that I moved my second target too aggressively. The market began aggressively pulling back, I got scared so I closed the position although delta was not super strong. I should have kept my target and my STOP right where it was.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-14 10:53:51 | MESU2 | sell | $3761.00 | short |
2022-06-14 10:54:45 | MESU2 | buy | $3755.00 | short |
2022-06-14 10:58:06 | MESU2 | buy | $3760.00 | 0 |
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