Same trade but in intra-day account.
Hyper-growth (LPS, insane Forward P/E + P/S multiples) in a day that 10y > 2%...
Sympathy play to $DDOG and $TWLO earnings, this thing rallied 1xATR at the open from $300 right into some serious resistance:
a) major previous support pivot=$324
b) 20SMA@weekly=$329
c) significant volume profile above, with trapped longs/bagholders who didn't get any chance to cut exposure when it broke lower 2-months ago.
Alert hit when it crossed $322s, high-conviction short:
-- Got short filler in-front of $324, risking wide stop $336s as this thing can trade all over the place. Added Tier 0 once I saw the big 1/2min red engulfing candle in-front of $330s, tightened stop to $331s for whole size
-- I liked the daily soo much that I wanted to be bigger here, added another tier after VWAP bounce right into $324 resistance, stop at HOD=$330s for whole size
-- Main target was yesterday's close=$307.5-308s.
Small profit taking at the quick flush to below $315s to lock some, re-shorted what I covered previously at the bounce above VWAP, same stop HOD, scalped the range, held core!.
Bid for 25% in-front of yesterday's close got hit AH. Will hold overnight.
02-11-2022
Flat low $300s...
Patience + confidence for the win!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-10 09:54:05 | SNOW | sell | $323.850 | short |
2022-02-10 10:11:51 | SNOW | sell | $326.785 | short |
2022-02-10 10:43:10 | SNOW | sell | $323.710 | short |
2022-02-10 10:43:10 | SNOW | sell | $323.710 | short |
2022-02-10 10:53:48 | SNOW | buy | $316.110 | short |
2022-02-10 12:33:39 | SNOW | sell | $319.850 | short |
2022-02-10 13:37:57 | SNOW | buy | $314.210 | short |
2022-02-10 18:46:05 | SNOW | buy | $310.110 | short |
2022-02-11 04:51:38 | SNOW | buy | $308.220 | short |
2022-02-11 13:32:44 | SNOW | buy | $304.220 | short |
2022-02-11 13:34:21 | SNOW | buy | $302.220 | short |
2022-02-11 13:45:59 | SNOW | buy | $298.220 | 0 |
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