6/10
Ratio goal 5:1
Entry 46.95
Target 47.95
Stop 46.75
Exit 47.06
The overall market was tanking, DOW down 500 points.
Waited for volume on name and let the tape guide the entry. I saw significant support at 46.95 (this was good, hence 6/10). The stock was below VWAP (not ideal, but the market was tanked and it is reasonable to see a strong stock below levels on a day like today). I was early, traded 9:44 a.m. , hence 6/10. It dipped below my stop, but the buyers were keeping it up... so I held. I was not going to let this go against me in a significant way. I exited for the reasons of: it could NOT get above VWAP, it tested and retested... at the retest I exited (this was good, hence 6/10).
Overall I did somethings right and I have ares to improve. I stuck to some rules and bent others on reasons given in the set up. Moving forward, I want to adhere to my routine and let my setup and rules be my guide with a clear and focused mind.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-08-05 09:44:59 | ATVI | buy | $46.950 | long |
2019-08-05 10:02:26 | ATVI | sell | $47.060 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!