Shared by
boldandnuts
Here I got fooled by a false Backside trade after NVDA seemed to have rejected the previous intraday high above 248.50. NVDA came back below 248, tested higher, couldnt move much more and I took a starter moments too early anticipating 248 break.
248 held and NVDA broke out.
I kept watching it and added 249. NVDA rejected 249.50 and then sold off. I did not see a reason to add even more, but at 249 level that I already added. Could have waited and gotten the same price at a later time. Patience, Markus!
As 248 was a previous level and my first starter, I placed a target here.
Took more profit at VWAP and finally rest off as it seemed it would bounce.
NVDA would have tested even 246ish levels, but I was flat already. Left some on the table, but was already playing with the thought of calling it a day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-12 10:11:00 | NVDA | sell | $248.050 | short |
| 2018-10-12 10:12:00 | NVDA | sell | $249.002 | short |
| 2018-10-12 10:17:00 | NVDA | buy | $248.050 | short |
| 2018-10-12 10:21:00 | NVDA | buy | $247.220 | short |
| 2018-10-12 10:23:00 | NVDA | buy | $247.510 | 0 |
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