Shared by
boldandnuts
I kept watching NVDA.
My levels for resistance were 148 149.50-150.50 and 153.
Once above 150.50 I saw it reject 151. I was really patient and watched it move higher and waited for some confirmation and hesitaten.
Once NVDA really could not move above 151 I gave it a short for a starter and let it play out.
It took a bit until it rolled over. My profits were way too early. .40 held for what felt like an eternity and I took my first profit. Of course it dropped.
On the move below 150 support I took my next profit as it moved back up. Just a fake move.
VWAP wasn't hit and I really should have stopped out way earlier on the last part as I gave back a point in profits on that when stopping out break even on it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-14 11:43:00 | NVDA | sell | $150.850 | short |
| 2019-01-14 11:49:00 | NVDA | buy | $150.410 | short |
| 2019-01-14 11:53:00 | NVDA | buy | $149.980 | short |
| 2019-01-14 12:42:00 | NVDA | buy | $150.658 | 0 |
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