Shared by
avarela
Interpretation:
• Stock gapped down post market on 1/10/20019
• Stock gapped down pre-market
• Stock found support at $47
• Stock broke support after 6 tries
• Stock found resistance at $47
• Stock hit Resistance at $47 multiple times and could not break above it
• Entered a SHORT position once confirmation of not breaking above resistance
• Stock continued to sell off and sold a 2nd position after open.
Game Play:
Morning: Play is flushing on premarket
After-morning: See about playing a morning play to premarket short.
One Good Trade
1. Missed some of the Pre-Market entry
2. Resistance at $47
3. Entered Short Position
4.
5. Should have entered 1 more LOT at 46.65 –
6.
7. Covered
8. Covered
9.
10. Noticed ATR surpassing range and began to cover
11. Covered
12. Covered
13. Completed the trade
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-11 09:17:14 | ATVI | sell | $46.960 | short |
| 2019-01-11 09:30:15 | ATVI | sell | $45.758 | short |
| 2019-01-11 09:30:24 | ATVI | buy | $45.717 | short |
| 2019-01-11 09:30:32 | ATVI | buy | $45.480 | short |
| 2019-01-11 09:31:39 | ATVI | buy | $45.139 | short |
| 2019-01-11 09:33:41 | ATVI | sell | $45.340 | short |
| 2019-01-11 09:34:56 | ATVI | buy | $44.815 | short |
| 2019-01-11 09:37:38 | ATVI | buy | $45.002 | 0 |
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