AAPL Trade on Jul 2, 2020 10:32 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

I should have been paid here. Tough to watch...
Difficult short.

I think that my thesis was legit.
Big day for QQQs yesterday but AAPL closed flat on "more stores closing" news.
Gap-up and push higher at the open today on overall market strength.

But failed to hold levels and sold-off below yesterdays high=$367.3s...
I liked that. At the bounce back to VWAP, started building the short,

Got short adding size, risking above VWAP $368, expecting the break of LOD=$366 and a move to yesterday's close=$364.

Covered small at the retest of LOD=$366. Trade looking good with AAPL forming a desc. triangle in-front of LOD.
Added more for the break-down of LOD, didn't work so I trimmed those two adds quickly.

(-) At this point, once LOD held and AAPL broke the desc. resist. line, I should have taken more profits from core position as well, and sat tight with stop above VWAP.
I didn't cover more, I felt uncomfortable holding the position up to VWAP, so I stopped out once it reclaimed yesterday's high for a b/e trade.

(-) I know that the proper technical stop of that trade was a breach of VWAP. I should have left size on with stop above the m. average.

Anyway. Watched failing to get a close above VWAP and rolling back lower.

Got short filler size, risking above VWAP, expecting a retest of LOD=$366 at a minimum.
Added more size when rejected yesterday's high=$367.3 to the penny and rolled over.
Trade was working beautifully. Tape was weak, market started selling-off.
Added more for the break-down...but put a higher low and looked ready to reverse so I quickly bailed....

Next thing you know it was at $364....

(-) Well, respecting the proper technical stop is one thing. Being able to hold up to the stop is another thing.

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Execution detail:

Date/time Symbol Side Price Position
2020-07-02 10:32:13 AAPL sell $366.850 short
2020-07-02 10:38:40 AAPL sell $366.640 short
2020-07-02 10:41:40 AAPL sell $367.250 short
2020-07-02 10:48:01 AAPL sell $367.680 short
2020-07-02 10:51:33 AAPL sell $367.400 short
2020-07-02 10:56:48 AAPL sell $367.020 short
2020-07-02 11:00:06 AAPL sell $367.040 short
2020-07-02 11:02:22 AAPL sell $366.685 short
2020-07-02 11:03:21 AAPL buy $366.110 short
2020-07-02 11:37:13 AAPL sell $366.300 short
2020-07-02 11:40:08 AAPL sell $365.860 short
2020-07-02 11:44:40 AAPL buy $366.600 short
2020-07-02 11:56:18 AAPL buy $367.440 0
2020-07-02 13:10:11 AAPL sell $367.130 short
2020-07-02 14:42:59 AAPL sell $367.000 short
2020-07-02 15:02:19 AAPL sell $366.900 short
2020-07-02 15:09:09 AAPL sell $366.460 short
2020-07-02 15:28:13 AAPL sell $366.560 short
2020-07-02 15:32:06 AAPL buy $366.830 0


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