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Jan 28, 2019 09:30


Early Exit Earnings Gap Down Fade Good Entry The Open

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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