Support 140 134
Resistance 145.50 147.50 150
$NVDA popped out of the Open and put in a nice run ignoring the first resistance. Into 147.50 I took a stab for a quick scalp to take half off.
After that I somehow was very hesitant and did not add on the reject of 149, but waited instead and was faked into a breakdown of 148. Really bad trade. I stuck with it though as the position was still tiny.
When NVDA tested 149.50 I waited for a signal and added more to take another partial at 148 where we had found support before. Caught the bottom here.
NVDA made another leg up on what looked like a strong move, but turned out to be a retest and reject of 149.50 for a lower high and perfect Backside-Trade I did not add size into. My mind was focused on 150, but we never got there.
NVDA sold off for the rest of the day. I took partial below 148 at VWAP and eventually off the rest to call it a day. To complete the day I had a fat finger trade and added a full tier instead of covering what is remained. Got filled the same price and I just lost some on commissions.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-11-23 09:32:00 | NVDA | sell | $147.490 | short |
2018-11-23 09:32:00 | NVDA | buy | $147.110 | short |
2018-11-23 09:42:00 | NVDA | sell | $148.190 | short |
2018-11-23 09:48:00 | NVDA | sell | $149.140 | short |
2018-11-23 09:50:00 | NVDA | buy | $148.150 | short |
2018-11-23 10:00:00 | NVDA | buy | $147.860 | short |
2018-11-23 10:11:00 | NVDA | buy | $147.550 | short |
2018-11-23 10:46:00 | NVDA | sell | $147.550 | short |
2018-11-23 10:47:00 | NVDA | buy | $147.530 | 0 |
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