GME gap down in the morning. Pre market LOD was 20.54. About a month ago big support was 20.54 as well so noted that level. Pulled in the morning and went right to 20.54 and bounced to HOD. Started to top out and make lower highs. Took a small position at 21.86 with a stop above 22. Plan was to average in the rest on the 21.54 breakdown. Added the rest at 21.67 when it looked to be topping and breaking down near term support of 21.67. Figured I had a cushion with the first entry just in case I was wrong adding full size before the 21.54 break. Broke that support. Covered first half at 21.42. Covered second half at 21.29 which was almost the bottom.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-05-26 09:40:29 | GME | sell | $21.860 | short |
2017-05-26 09:45:07 | GME | sell | $21.673 | short |
2017-05-26 09:51:33 | GME | buy | $21.416 | short |
2017-05-26 09:53:21 | GME | buy | $21.290 | 0 |
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