Shared by
realdealneal
3.41R. Trade of the day. QSR was gapping down in the pre-market, and was near enough it's 200sma (63.09) that I wanted to watch for a potential bounce from this level.
Entered three lots just above 63, risking 62.90. Took off one lot at 63.45 as a quick 2R on that lot was too good to pass up. Re-entered this lot when the stock pulled back to 63.
Scaled out into 64 area, and allowed moving averages to take me out of the last of the position.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-08-05 09:31:20 | QSR | buy | $63.090 | long |
| 2021-08-05 09:31:20 | QSR | buy | $63.030 | long |
| 2021-08-05 09:31:23 | QSR | buy | $63.130 | long |
| 2021-08-05 09:31:47 | QSR | sell | $63.450 | long |
| 2021-08-05 09:32:41 | QSR | buy | $63.020 | long |
| 2021-08-05 09:37:18 | QSR | sell | $63.610 | long |
| 2021-08-05 09:39:33 | QSR | sell | $63.732 | long |
| 2021-08-05 09:47:09 | QSR | sell | $63.950 | long |
| 2021-08-05 10:19:38 | QSR | sell | $63.860 | long |
| 2021-08-05 10:19:41 | QSR | sell | $63.790 | 0 |
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