Shared by
jasontrader15
simple thesis here, strong move up, waited for congestion n expected ( bull leg in bull leg out) when longing always best to let the move happen then 2 legs or correction so bears get a chance to participate and when they no longer have power after a leg down break to a new low, you look for higher lows to buy for the move back up to a new high. 3868 to 3878 , and when you get a new high at that point gotta try and scale out as best as possible for no LFT and then a LOWER high at that point sets up limit order shorts . so i ended the trade. simple clean move.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-12-29 11:26:12 | MESH3 | buy | $3868.12 | long |
| 2022-12-29 11:26:21 | MESH3 | buy | $3868.00 | long |
| 2022-12-29 11:30:41 | MESH3 | sell | $3869.25 | long |
| 2022-12-29 11:32:19 | MESH3 | sell | $3871.50 | long |
| 2022-12-29 11:32:19 | MESH3 | sell | $3871.50 | long |
| 2022-12-29 11:34:03 | MESH3 | sell | $3872.25 | long |
| 2022-12-29 11:36:07 | MESH3 | sell | $3872.00 | long |
| 2022-12-29 11:55:26 | MESH3 | sell | $3879.25 | long |
| 2022-12-29 12:01:51 | MESH3 | sell | $3878.00 | 0 |
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