SNOW Trade on May 7, 2021 10:30 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Broke S1=major long-term (since IPO) support level=$215 ON VOLUME yesterday and sold-off printing ATLs to $190s.

Gapped higher premarket along with QQQs after jobs report (what a joke). Premarket plan was to get "short" at the opening pop to R1=$215 expecting "trapped" longs above R1 to trim/cut positions.

Opened strong, rallied to R1=$215 and I played the "Technical Reversal on the 15min chart" nicely:
-- Got short Tier 0 size after 15min hanging man candle was put in-front of R1, risking tight stop above R1 $216s, added after EMAs@1min chart crossed each other confirming change in momentum, risking same stop, expecting loss of VWAP and move towards opening print.
-- Added one momo tier after lower high, risking the lower high, expecting VWAP loss.

Stopped out of the add as it tried to squeeze before rolling over.
(-) Slow reaction, and didn't add the size back once the pop was met with a brutal rejection, bringing price back within downtrend.

Broke VWAP and slowly bled all day.
Covered most close to opening print, held tiny size as swing short, target $200s, stop $215.

image


Execution detail:

Date/time Symbol Side Price Position
2021-05-07 10:30:36 SNOW sell $213.700 short
2021-05-07 10:52:02 SNOW sell $212.820 short
2021-05-07 11:33:26 SNOW sell $211.790 short
2021-05-07 11:58:43 SNOW buy $213.610 short
2021-05-07 13:24:27 SNOW buy $208.110 short
2021-05-07 14:01:06 SNOW buy $206.310 short
2021-05-10 09:31:08 SNOW buy $201.200 0


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