CRM Trade on Mar 6, 2023 15:16 from ChefRay: Tradervue User Stock Trades.

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ChefRay

 

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.

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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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