Se had trapped a lot of longs and there was a seller holding down the stock in 66.25 area. Saw an aggressive sell down into 65. Was looking to short the break as this level has daily significance, failed bounce showing sellers stepping down, shorted the break. Was looking for 1 pt given how little SE had moved today given its ATR, also saw market lose 20 day so figured that would help with the short. Couldnt really crack lower so was covering premptively. Made back most of the first SE trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-08-22 10:06:56 | SE | sell | $64.920 | short |
2022-08-22 10:10:38 | SE | buy | $64.710 | short |
2022-08-22 10:15:47 | SE | buy | $64.530 | short |
2022-08-22 10:21:43 | SE | buy | $64.700 | short |
2022-08-22 10:26:46 | SE | buy | $64.780 | 0 |
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