Shared by
JimFrey
The Daily showed a ER BO gapper. Out of the gate, it surged beyond the "double top all time high" @39.97. I initially expected it to fade from this level and planned to short it. However the PA canceled that plan. When it dropped below the Pivot I waited for the retest of VWAP but it formed an "engulfing" green candle. This baby was going north! I got long with a "feeler position" before the Pivot in anticipation @39.61 with a 20cent stop. Interestingly it pulled back to the premarket pivot at 39.40 almost to the penny. Added @39.86 and 39.84. Scaled out to 40.26 based on level 2 action.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-13 10:32:16 | NVDA | buy | $39.610 | long |
| 2016-05-13 10:38:08 | NVDA | buy | $39.860 | long |
| 2016-05-13 10:44:52 | NVDA | buy | $39.840 | long |
| 2016-05-13 11:46:05 | NVDA | sell | $40.390 | long |
| 2016-05-13 12:01:19 | NVDA | sell | $40.620 | 0 |
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