Stock Selection: 3rd day play off earnings
Setup: Pull in Long to VWAP / Traditional MP / 382
Activator Candle: 3m hammer on level
Fight for Entry: entered on vwap with weak ask
Risk Mgmt and Sizing: 30c stop, $100 risk => 333 shares. 20% error here is acceptable.
Exit: Didn't follow exit strategy perfectly. I exitted half of my position for the low time frame rejection of pivot, but I didn't hold my 2nd half properly by waiting for a confirmed 15m rejection of that level.
Notes:
Nearly perfect trade. Couldn't manage to hold the size through the full exit strategy because I was emotional regarding keeping the profits. Need to get better at holding until exit strategy says to close, even if that means holding the trade all day right up until the market close.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-04-29 09:53:03 | FB | buy | $192.350 | long |
2019-04-29 09:54:20 | FB | buy | $192.320 | long |
2019-04-29 11:13:01 | FB | sell | $194.540 | long |
2019-04-29 12:09:56 | FB | sell | $194.380 | long |
2019-04-29 12:10:54 | FB | sell | $194.430 | 0 |
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