Shared by
boldandnuts
CAT gapped down after reporting Earnings in the Morning.
It grinded lower nicely towards the open and I expected some sort of relief move before taking a entry. The Market sold off at The Open as well and there was no real relief move and just a choppy spike. It rather sold off, but hesitant with wide spreads and hard to predict. It was more a play of probabilities and gambling to take a short.
Hence I took a quick profit as it traded slowly and was unpredictable, but likely to continue lower.
When I tried to reenter 125.50 crack I got filled badly and took off the trade rather quickly. Turned out to be a good call as CAT bounced for VWAP. To my surprise it held and would have allowed to re-enter.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-28 09:30:00 | CAT | sell | $126.380 | short |
| 2019-01-28 09:30:00 | CAT | buy | $126.200 | short |
| 2019-01-28 09:31:00 | CAT | buy | $125.720 | short |
| 2019-01-28 09:35:00 | CAT | buy | $125.330 | 0 |
| 2019-01-28 09:35:00 | CAT | buy | $125.330 | long |
| 2019-01-28 09:35:00 | CAT | sell | $125.260 | 0 |
| 2019-01-28 09:35:00 | CAT | sell | $125.260 | short |
| 2019-01-28 09:35:00 | CAT | buy | $125.690 | short |
| 2019-01-28 09:35:00 | CAT | buy | $125.250 | short |
| 2019-01-28 09:35:00 | CAT | buy | $124.960 | 0 |
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