What a fight. After the first attempts in MU I reduced my tier size to match AAPL, FB etc. Just had no feeling for it.
When MU looked like it would struggle with 34.50 I sold on the Offer for a backside trade to the short side. Offer lifted and MU made a run. When 34.70 rejected I added to it.
MU sold off and I wanted to see it make lows. MU was strong with the market and kept grinding higher. At 34.80 I added more when it rejected that level. Or looked like to do so.
Bids were taken. Just a small pullback. Coming into 35 and on a high RSI on 2m I added more. A bit too early as it turned out. Market was still strong. My final target and next big level was 35.40. When 35.20 was respected on that spike I watched it and when I got the confirmed reject, I added the final piece. Should have added more size here as I was quite certain we had reached the peak.
MU followed the market lower. Took off half when it came back upwards my break-even. Stuck with the rest and did not add back above 35. 35.50 I would have, but I was busy with the other positions. STuck with it piled out for a break-even trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-17 10:24:00 | MU | sell | $34.500 | short |
2018-12-17 10:27:00 | MU | sell | $34.660 | short |
2018-12-17 10:49:00 | MU | sell | $34.760 | short |
2018-12-17 11:13:00 | MU | sell | $34.940 | short |
2018-12-17 11:27:00 | MU | sell | $35.170 | short |
2018-12-17 11:48:00 | MU | buy | $34.930 | short |
2018-12-17 12:37:00 | MU | buy | $34.710 | short |
2018-12-17 12:45:00 | MU | buy | $34.640 | short |
2018-12-17 13:05:00 | MU | buy | $34.400 | 0 |
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