Shared by
spyrosz
Tried it recently short but had to take the stop-out...However, here it is again below $242 level. Per the previous trade commentary"
"Looks interesting below $242 previous support pivot, as people have recently paid $242+ expecting move higher to ATHs but it kinda screwed them. Maybe some of them would like to trim/cut exposure close to b/e".
-- Got short Tier 0 in-front of $242 resistance pivot, risking a bit wide stop $255s, >2xATRs above $242 resistance
-- Want to see seller establish himself, and reject price close to $242 for starters. Then, I will add more size, tightening stop to a more reasonable level.
-- 1st target $230s recent low, main target $220s.
07-01-2022
2nd time I am wrong & -$$ on the stock. Flat & done with it for a while.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-14 11:04:23 | MCD | sell | $240.955 | short |
| 2022-06-16 14:53:00 | MCD | buy | $234.160 | short |
| 2022-06-22 11:14:32 | MCD | sell | $241.920 | short |
| 2022-06-22 13:02:57 | MCD | sell | $243.650 | short |
| 2022-06-23 13:39:26 | MCD | sell | $241.660 | short |
| 2022-07-01 13:27:10 | MCD | buy | $251.200 | 0 |
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