Basically a base breakdown at 135... support level that was being tested and ready to break.
It broke down and I was up about 60 cents on the trade... but then buyers rushed in just above Premarket lows and ended up squeezing all the shorts (me included). This squeeze coincided with a spike in QQQ, SMH, and AMD.
Higher probability if I wait for the retest to fail and then enter... but in this case I entered anticipating the breakdown.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-29 10:12:03 | NVDA | sell | $135.040 | short |
2019-01-29 10:20:19 | NVDA | buy | $135.280 | 0 |
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