$NVDA sold off out of the open as well and I had it on watch with support levels of 244 and 237.50 as well as resistance of 248 to 249.50 and long bias above.
I saw $NVDA had tested teh 241 area, retested a bit lower and just put in a slightly higher low to allow me to give it a shot as the market in general seemed to have found a bottom. I still expected the market to bounce a bit after the selloff last week.
At first it looked like NVDA would make a move but when it took too long and seemed like it would drop when it formed a decision candle, I took off the trade. It looked like it would drop a cliff as I have seen so many times. Very good decision. Good Trade.
On improvement I should have flipped the position and go short...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-15 09:56:00 | NVDA | buy | $241.150 | long |
2018-10-15 10:00:00 | NVDA | sell | $241.182 | 0 |
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