CRM - short against Earnings Gap
* No news today just a continuation play from ER to fill the gap.
* Thesis was that CRM would fill the gap given the lack of buying volume after ER so I wanted to catch it going into the gap.
* had $189 as a possible SS entry but forgot to set an alert for it.
* got back to my desk after my appointments/lunch and noticed that CRM was below the gap fill line and attempting to test it ($185.50). I shorted 1/2 position on the second candle after the rejection adding more as my confidence in the breakdown increased along with continued market weakness. SL just above the gap line.
* I had $182 as possible PT and maybe even $181 (gap entry) but I ran out of time. (And yes I'm an optimist). I was still holding 1/3 position, when the market closed and needed to time my exit due to the spreads. Gave up 1/4 of my profits from that mistake.
* psychology: calm, waiting for the opportunity to come to me yet aggressive when the risk/reward was in my favor. Addressed the greed from earlier today where I didnt sell enough into each push on CRWD.
TODO:
* add an alert for end of day.
* set an alert for for key levels.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-03-06 15:16:57 | CRM | sell | $185.200 | short |
2023-03-06 15:16:58 | CRM | sell | $185.200 | short |
2023-03-06 15:16:58 | CRM | sell | $185.200 | short |
2023-03-06 15:16:58 | CRM | sell | $185.200 | short |
2023-03-06 15:16:58 | CRM | sell | $185.200 | short |
2023-03-06 15:16:58 | CRM | sell | $185.200 | short |
2023-03-06 15:16:58 | CRM | sell | $185.200 | short |
2023-03-06 15:16:58 | CRM | sell | $185.200 | short |
2023-03-06 15:16:59 | CRM | sell | $185.200 | short |
2023-03-06 15:16:59 | CRM | sell | $185.200 | short |
2023-03-06 15:16:59 | CRM | sell | $185.200 | short |
2023-03-06 15:16:59 | CRM | sell | $185.200 | short |
2023-03-06 15:16:59 | CRM | sell | $185.200 | short |
2023-03-06 15:16:59 | CRM | sell | $185.200 | short |
2023-03-06 15:25:24 | CRM | buy | $184.760 | short |
2023-03-06 15:25:24 | CRM | buy | $184.760 | short |
2023-03-06 15:30:58 | CRM | buy | $184.370 | short |
2023-03-06 15:30:58 | CRM | buy | $184.370 | short |
2023-03-06 15:30:58 | CRM | buy | $184.370 | short |
2023-03-06 15:31:02 | CRM | buy | $184.360 | short |
2023-03-06 15:34:45 | CRM | sell | $184.570 | short |
2023-03-06 15:34:45 | CRM | sell | $184.570 | short |
2023-03-06 15:36:16 | CRM | sell | $184.450 | short |
2023-03-06 15:41:01 | CRM | sell | $184.410 | short |
2023-03-06 15:41:01 | CRM | sell | $184.410 | short |
2023-03-06 15:41:01 | CRM | sell | $184.410 | short |
2023-03-06 15:41:01 | CRM | sell | $184.410 | short |
2023-03-06 15:44:43 | CRM | buy | $184.240 | short |
2023-03-06 15:44:43 | CRM | buy | $184.240 | short |
2023-03-06 15:45:52 | CRM | buy | $184.150 | short |
2023-03-06 15:50:01 | CRM | buy | $184.060 | short |
2023-03-06 15:50:18 | CRM | buy | $184.060 | short |
2023-03-06 15:50:18 | CRM | buy | $184.060 | short |
2023-03-06 15:50:18 | CRM | buy | $184.060 | short |
2023-03-06 15:54:10 | CRM | sell | $184.000 | short |
2023-03-06 15:54:10 | CRM | sell | $184.001 | short |
2023-03-06 15:54:23 | CRM | sell | $183.980 | short |
2023-03-06 15:54:40 | CRM | buy | $183.790 | short |
2023-03-06 15:54:40 | CRM | buy | $183.789 | short |
2023-03-06 15:58:17 | CRM | buy | $183.940 | short |
2023-03-06 15:59:17 | CRM | buy | $183.630 | short |
2023-03-06 15:59:17 | CRM | buy | $183.820 | short |
2023-03-06 15:59:17 | CRM | buy | $183.840 | short |
2023-03-06 15:59:17 | CRM | buy | $183.870 | short |
2023-03-06 15:59:17 | CRM | buy | $183.890 | short |
2023-03-06 15:59:17 | CRM | buy | $183.910 | short |
2023-03-06 15:59:17 | CRM | buy | $183.990 | short |
2023-03-06 15:59:17 | CRM | buy | $184.000 | 0 |
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