Shared by
FrankDumaresq
Setup: Failed Morning Dump
AAPL started selling at the open, after a small bounce they tried selling it again but couldn't hold it under. At 9:38, AAPL reclaimed VWAP and I became interested in getting long. I got long during the first pull back once the tape showed some strength. I sold some into Pre market high, once we held above I was very tempted to get add risk but failed to do so because I hesitated and missed the perfect entry. I sold some more into strong weekly resistance and the rest once we formed a tight bear div on the RSI at resistance.
Mistake: Failed to add risk at recognized entry because of hesitation
I'm happy with the trade overall, we've been getting these 5m setups daily that are SO clean. I love trades that work out right away, I will look to capitalize on these setups far more in the future by adding more risk where they deserve it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-05-01 10:02:15 | AAPL | buy | $211.350 | long |
| 2019-05-01 10:06:08 | AAPL | buy | $211.820 | long |
| 2019-05-01 10:24:39 | AAPL | sell | $212.810 | long |
| 2019-05-01 11:13:04 | AAPL | sell | $213.780 | long |
| 2019-05-01 11:27:44 | AAPL | sell | $214.530 | long |
| 2019-05-01 11:45:04 | AAPL | sell | $215.080 | long |
| 2019-05-01 11:59:32 | AAPL | sell | $214.960 | 0 |
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