Shared by
metp2202
Tags:
sector play
Small loss trying to find my way in with a starter size, I did miss the trade out of the open on the break of 18. In hindsight I think that trading AMC would have make more sense with the relative weakness that this one had prior few days and the upcoming catalyst on the 22. I think that I might have missed something here.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2022-08-18 10:26:32 | BBBY | -100 | $17.360 | -100 |
| 2022-08-18 10:36:12 | BBBY | 100 | $16.289 | 0 |
| 2022-08-18 11:22:13 | BBBY | -1 | $17.490 | -1 |
| 2022-08-18 11:22:13 | BBBY | -4 | $17.490 | -5 |
| 2022-08-18 11:22:14 | BBBY | -95 | $17.470 | -100 |
| 2022-08-18 11:24:07 | BBBY | 100 | $17.470 | 0 |
| 2022-08-18 11:46:11 | BBBY | -500 | $17.302 | -500 |
| 2022-08-18 11:56:27 | BBBY | 100 | $17.850 | -400 |
| 2022-08-18 11:56:27 | BBBY | 400 | $17.858 | 0 |
| 2022-08-18 12:01:36 | BBBY | -100 | $17.460 | -100 |
| 2022-08-18 12:01:37 | BBBY | -375 | $17.450 | -475 |
| 2022-08-18 12:01:37 | BBBY | -275 | $17.460 | -750 |
| 2022-08-18 12:07:47 | BBBY | 300 | $17.900 | -450 |
| 2022-08-18 12:07:47 | BBBY | 75 | $17.900 | -375 |
| 2022-08-18 12:07:47 | BBBY | 375 | $17.909 | 0 |
Comments
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You probably had a bias on the short side. I wouldn't try shorting it after seeing the three soldiers pattern (in the 5 minutes chart). That's a strong reversal indication. In addtion, there was heavy volume between 10 and 10:30 am. That's also a sign of the bottom. Those are enough hints for buy bias traders to jump in right at the place where you started shorting... (That's also roughly half-way between the bottom and local high.) Hope this helps. Good luck trading, my friend!