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 |
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Great trade