NVDA Trade on Jun 20, 2017 09:58 from Emilie_BOWS: Tradervue User Stock Trades.

Gravatar

Shared by
Emilie_BOWS

 

Daily: none, but range-bound market, tech stocks shown weakness early on
Intraday: failed ORB
I took this trade mainly based on the intraday look and that I am very familiar with how NVDA usually trades. It was already up for a few days and then gapped up today. It had a big push out of the gate but after that first 5min push, there were lots of hesitation and range bound actions, no follow thru, quite a few upper tails. I didn't believe it was going to break out but not feel comfortable to short it yet. When it attempted an ORB and went back down immediately, I got in short with stop over HOD. It was probably not a high probability trade but NVDA tends to have big selloff when it wants so I felt ok.
I added when it pulled back close to VWAP and $160 level, scaled out and got out after it filled the gap.

It also had another selloff in the afternoon into EOD but I found the market was a bit difficult to trade today so I stopped trading after the morning.


Execution detail:

Date/time Symbol Side Price Position
2017-06-20 09:58:01 NVDA sell $161.090 short
2017-06-20 10:12:46 NVDA buy $159.150 short
2017-06-20 10:46:55 NVDA sell $159.610 short
2017-06-20 11:09:09 NVDA buy $158.500 short
2017-06-20 11:30:05 NVDA buy $157.460 short
2017-06-20 11:39:37 NVDA buy $157.030 0


Comments

Gravatar MarioOrozco
2017-06-21 21:31:45
 

Great trade

Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in