Shared by
kerobo0000
Daily Report Card: B+
-morning prep: C
-market prep: A
-stock prep: A
-level of focus: A
Rationale:
-volatility picked up confirmed by spike in VIX and I thought we may have continuation to the downside after price retraced to VWAP
How much risk should/did I take? $35 (2 contracts)
Recap:
-got stopped out as price spiked above VWAP, before continuing slightly lower in morning session
What did I do well?
-stay engaged after closing AAPL position
-wait for price to pause just as it touched VWAP
How could I have traded this better?
-wait for long wick to the upside, confirming price has been rejected from VWAP / there is selling pressure
-did not wait for TICK to reach buying exhaustion level, was +383 on entry; had I waited for it to breach +400, this trade would've been a winner
-wait for VIX to be +20 before employing this trade
What did the tape look like during the most important moments intraday?
NA
Gain/loss relative to expected gain/loss:
-loss in line with expectations
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-09-25 10:06:36 | MESZ9 | sell | $2963.50 | short |
| 2019-09-25 10:08:06 | MESZ9 | sell | $2963.25 | short |
| 2019-09-25 10:08:26 | MESZ9 | buy | $2966.25 | short |
| 2019-09-25 10:08:34 | MESZ9 | buy | $2967.50 | 0 |
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