I haven't written anything about my trades for a long time, and on Friday there was a trade quite atypical for me and quite typical for SMB:) KPDV:
How to spend potsons with SMB? They find strikes clean, which at the same time have:
technicals, fundamentals, tape. Everything should be in your favor.
Открывайте
Let's start with news = fundamentals:
9:54AM Waters authorizes the repurchase up to $500 million of its outstanding common shares over the next 24 month.
Дневка=technicals: breaking through the level 81, coinciding with a multi-week high.
Generally speaking, I just passed this level and planned to buy a breakdown stupidly, but the news that came out ruined everything. Buying a breakout after such a sharp rise to the level is extremely harmful for PNL and mood (option to shove 100 cher and see, what will happen here, let's say, but a full-fledged trade is out of the question, though everyone jerks off as he wants) everyone has their own size management and I do not pretend to, and generally IMHO) So I put in plan B: search on rollback in the buyer's feed, or rather an endless bid, into which a large volume will be poured and it will withstand.
Pity, what is not video с записью ленты, it would be much clearer and even cooler:) Otherwise, you have to take my word for it) I had to wait exactly 2 minutes: on 81 got up an endless bid in 12 lots on ARCA and kept the level. Seem to have bought, подумал я. I thought I'd take it from him, but I was not poured and the stack flew half a point for 3 minutes. I kept watching and waited, that the buyer will mark the border of the pullback in the same style. But fuck there. but, later 20 the same minutes 12 the lots on the arch stood on 81.57. Pay attention to the volumes passed there, he was poured thousands 50. As soon as I saw it, immediately acquired 500 cher on 81.58. One thing I didn't like: offer of 81.58 was also endless, but the volume went into it much less, which increased the likelihood of, that ours will win. As soon as the offer is gone, I added up to 1k. Then the same endless bid on the arch appeared on 82.07 And 82.27. 7 our customer's favorite number?:) A real man would have topped up both times, but I missed something. Then the endless arch stepped on the market, driving the stack up. The exit plan was very simple.: as soon as the arch is flooded and / or it disappears, stupidly hitting all the size on the market. So I did it.
Actually, after i left, I shouldn't have started jerking my skill, write to Kamushken on Skype & quot; smb approve my tradinh" and start coming up with moronic jokes for this post. I had to, the bitch just had to fucking continue staring at the tape without stopping and wait for the same buyer. Certainly, I have a bunch of excuses. Starting from that, that one thin shit dragged me to 35 cents per piece, that at the open the overnight shot from which I left on Thursday, that I'm in a disgusting mood and ending, God, how am I, bitch tired, I would rather have a weekend. The essence of trading in work, work bleat! You can't give yourself indulgences. Never and no. Amen.
Open up
Well, what about without a notarized screenshot in the end.