SQ Trade on Feb 28, 2019 14:09 from FFC10x: Tradervue User Stock Trades.

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FFC10x

 

Going fwd:
1)Do not look to short 1st washout in the afternoon after stock has shown it's strong and has positive earnings news behind it.
2)After the washout, use the range from the last 2 highs to the bottom of the washout, for a price target in the afternoon.
In this case the 1:45pm high was $82.10, the low post-washout was ~$81.40, thus a range of ~.70. Add this to the high of $82.10 and thus you have a price target around $8.80 and sure enough price reached the high $8.70s

Do not look to add .25 from the price target


Execution detail:

Date/time Symbol Side Price Position
2019-02-28 14:09:34 SQ sell $81.350 short
2019-02-28 14:11:10 SQ buy $81.540 0


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