Bias is a short due to the gap and the catalyst behind it. Just a matter of when the stock will give a short entry.
Entered when it pushed towards premarket resistance, created a fake long entry for the bulls and then failed.
with the break, I entered with starter position
added when .2 broke then had an add plan was at .2 only with 100 shares accidentally ss more than wanted total now 600 so took some off as I don't want to be emotional
covered some at the whole number
covered more into this wash
**
covered more into this wash
all out at the psych number as it has gone down too much and this might reverse not feeling well after what happened earlier bad bad bad ss at the open!
Tape comments: block trades with big volume buyers at the VWAP area. Was thinking of a reversal and planning to cut if it creates a trend break with the high of the trend at the HOD and the low near the VWAP. Also, the stock has made several legs down, felt it was "time" for it to rotate. In my head, if it breaks the trend then ill take it all off, but if it breaks the VWAP, then I am confident that it had trapped so many buyers and they will ignite the move lower.
Finally, the stock broke VWAP and the whole number. Felt confident and added more short. Didn't expect the move to be straight down, so started to scale off. In hindsight this was a bad idea as I have not held for the bigger move. Ideally, lock some to feel comfortable for the hold but try not to take most of the shares off before hitting the target. The target was LOD.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-06-20 09:56:05 | ORCL | sell | $44.350 | short |
2018-06-20 10:04:58 | ORCL | buy | $44.250 | short |
2018-06-20 10:08:40 | ORCL | sell | $44.150 | short |
2018-06-20 10:09:23 | ORCL | sell | $44.200 | short |
2018-06-20 10:09:23 | ORCL | sell | $44.200 | short |
2018-06-20 10:09:24 | ORCL | sell | $44.200 | short |
2018-06-20 10:14:29 | ORCL | buy | $44.160 | short |
2018-06-20 10:14:29 | ORCL | buy | $44.160 | short |
2018-06-20 10:21:54 | ORCL | buy | $44.030 | short |
2018-06-20 10:23:01 | ORCL | buy | $43.880 | short |
2018-06-20 10:28:06 | ORCL | buy | $43.650 | short |
2018-06-20 10:29:49 | ORCL | buy | $43.610 | short |
2018-06-20 10:29:49 | ORCL | buy | $43.610 | 0 |
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