I started this series on an attempt to hold the support I had at about 167.80. I entered with a stop at 167.48. The position turned against me and made a clean test of the opening price and I added to the position figuring that I would be able to pull a profitable trade at the retest of 167.80. This did turn into a profitable trade. The reward ended up not being worth the initial risk. I had no reason to sell. I could have used the MA as a reference point. There was some P&L management on this trade as well. I still am having this issue. I just don’t really want to turn on the P&L.
The second was a quick scalp from a change in momentum to the VWAP. Risk was taken off when VWAP was tested and came back .13c. for a 2 for 1 of the profile. I had no real reason to sell here again. I will say that I was managing the p&L on the exit again here.
I was early to the last trade. When I saw the tape change at the new low, I was unable to do what I had done on the first trade and take in more. The trade did work and again I honestly had no reason to sell other than it was to the most recent intraday high and I had already taken off a half lot to reduce risk.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-04-18 10:10:58 | HON | buy | $168.120 | long |
2019-04-18 10:23:28 | HON | buy | $167.525 | long |
2019-04-18 10:27:23 | HON | sell | $167.975 | 0 |
2019-04-18 10:54:40 | HON | buy | $167.430 | long |
2019-04-18 10:55:25 | HON | sell | $167.605 | long |
2019-04-18 10:55:25 | HON | sell | $167.605 | long |
2019-04-18 10:55:25 | HON | sell | $167.605 | 0 |
2019-04-18 11:16:54 | HON | buy | $167.875 | long |
2019-04-18 11:49:56 | HON | sell | $168.096 | long |
2019-04-18 11:55:47 | HON | sell | $168.390 | 0 |
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