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Shared by
JRockTrades

 

SPY

Nov 9, 2022 10:16


Shares traded: 1100
Closed Gross P&L: $135.41

Tags:

Consolidation

SPY was kind of in this upward sloping consolidation. It was still early and the SPY was up from the open, but it wasn't a really big move. You could make arguments for it breaking upwards or downwards from the consolidation. I was playing around trying to catch a move inside the consolidation without much luck, but also no major losses. Then the bottom of the consolidation dropped just barely and I took a short from 380.35 with a pretty decent sized position (I did still have some buying power remaining). That fucker dropped like a rock and I was quickly covering at lower levels. I covered a big portion into the LOD, but kept some on. I had the 2-day chart pulled up and I had the LOD from yesterday as a target and I covered some there. It only wicked through that level super fast, so had my order not been sitting there waiting, it's unlikely I'd have gotten that cover. I kept a bit on, but it was apparent the move was pretty much over by then, so I found a decent place to cover the rest and called it a successful trade. I did make over 2 points, which was better than I had hoped at the outset.


Execution detail:

Date/time Symbol Qty Price Position
2022-11-09 10:16:45 SPY 36 $381.030 36
2022-11-09 10:16:45 SPY 14 $381.030 50
2022-11-09 10:17:03 SPY -50 $380.742 0
2022-11-09 10:17:04 SPY -50 $380.685 -50
2022-11-09 10:17:05 SPY -50 $380.670 -100
2022-11-09 10:17:06 SPY -50 $380.685 -150
2022-11-09 10:17:24 SPY 37 $380.520 -113
2022-11-09 10:17:42 SPY 37 $380.380 -76
2022-11-09 10:18:51 SPY 19 $380.350 -57
2022-11-09 10:19:46 SPY 57 $380.710 0
2022-11-09 10:20:50 SPY -50 $380.920 -50
2022-11-09 10:21:48 SPY 12 $380.540 -38
2022-11-09 10:22:26 SPY 38 $380.915 0
2022-11-09 10:24:53 SPY 150 $380.600 150
2022-11-09 10:25:46 SPY -150 $380.380 0
2022-11-09 10:25:51 SPY -150 $380.350 -150
2022-11-09 10:26:58 SPY 30 $379.990 -120
2022-11-09 10:27:19 SPY 30 $379.800 -90
2022-11-09 10:28:05 SPY 18 $379.478 -72
2022-11-09 10:28:09 SPY 18 $379.450 -54
2022-11-09 10:33:50 SPY 14 $379.000 -40
2022-11-09 10:34:06 SPY 10 $378.440 -30
2022-11-09 10:34:17 SPY 10 $378.300 -20
2022-11-09 10:36:48 SPY 10 $378.730 -10
2022-11-09 10:57:38 SPY 5 $377.770 -5
2022-11-09 11:05:56 SPY 5 $378.423 0


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