Shared by
boldandnuts
AFter the run up late Thursday-Night, $NVDA gapped down over night and found support around 197.
To the downside I had 197, 194.50, 191.50 and 185 marked for support and 204, 208, 209.50 and 214 for resistance.
As the Open approached and NVDA had sold of into it I was eyeing a relief move to initiate a short. For that I looked for how NVDA would behave around 200 and place an order at 201 when it slowed down.
NVDA rejected right after my fill and I took a partial above 199 at VWAP.
When NVDA looked like it would break out I took the trade off just before it broke out around break-even. Good Trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-26 09:30:00 | NVDA | sell | $201.000 | short |
| 2018-10-26 09:32:00 | NVDA | buy | $199.160 | short |
| 2018-10-26 09:34:00 | NVDA | buy | $200.674 | 0 |
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