Shared by
boldandnuts
$AAPL sold off out of the Open and had broken its 205.50 support during premarket that I had in mind for a fade. $AAPL was too weak and there was not enough of a relief move for me to give it a shot short. It sold off right at the Open. Did not chase it.
For Support I had 200 and 197.30 marked and 205.50 207.50 and 208.70 for resistance.
I knew $200 would be significant and when it got close I watched it and wanted to see a crack on huge volume. You can see the crazy amount of trades happening at and below $200 in the moment of the crack.
I took a long when it found a bid for a scalp and took off half into the spike above 200.30. Should have taken off all of it, but thought AAPL might make a run back to VWAP…
That didn’t happen.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-11-05 10:10:00 | AAPL | buy | $199.720 | long |
| 2018-11-05 10:10:00 | AAPL | sell | $200.090 | long |
| 2018-11-05 10:14:00 | AAPL | buy | $198.990 | long |
| 2018-11-05 10:16:00 | AAPL | sell | $199.530 | long |
| 2018-11-05 10:18:00 | AAPL | sell | $199.610 | long |
| 2018-11-05 10:20:00 | AAPL | sell | $199.311 | 0 |
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