I had 148.50 marked down as a significant level in NVDA. As NVDA had made a 3 point run already and was close to my level I wanted to give it a shot and placed a limit below 148.50. Eventually it broke that level, but I let it play out. Next I had 150 down and was going to add there at latest or whenever I would see a confirmed entry.
First target for 1$ as 147.50 is always a level. Level was respected and I hesitated to add back at 148.50 as I expected the market to make a run. 150 was next to add. did not make it on that attempt and I was faked out of the last piece on the break of 148 when the offer lifted. However the Bid stayed below 148. Bad Exit. Eventually my final target of VWAP was hit before the next leg up was made.
Of course, I missed the 150 entry as I was busy with other trades. Even ignored my triggered alarm. didn't even notice it until it was too late. Bummer. Missed a 4 point run down in hindsight...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-18 09:53:00 | NVDA | sell | $148.460 | short |
2018-12-18 10:04:00 | NVDA | buy | $147.580 | short |
2018-12-18 10:15:00 | NVDA | buy | $148.020 | 0 |
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