I entered this on the p/b to vwap as it had supported several times prior. I was risking 1.57 which was still within my max lost but the r/r was not good since my goal was exit around 2.10. After it had a large red candle I exited 1/3 of my position in order to be able to hold the rest of the position a little longer and reduce the bleeding. It never hit my stop and then starting grinding back up. It started working and when it spiked to 2.04 I exited another 1/3 which put me just above b/e at that point. My last 1/3 position I ended up breaking up into 3 sell positions. $0 commissions has really helped me scale out, otherwise the commissions would've took a chunk of my gains since I only had a small position to start with.
Overall grade a B due to bad r/r, but stuck to my plan.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-10-22 10:42:00 | TROV | buy | $1.890 | long |
2019-10-22 10:45:00 | TROV | buy | $1.890 | long |
2019-10-22 11:00:00 | TROV | sell | $1.780 | long |
2019-10-22 13:58:00 | TROV | sell | $2.040 | long |
2019-10-22 13:59:00 | TROV | sell | $2.100 | long |
2019-10-22 14:00:00 | TROV | sell | $2.330 | long |
2019-10-22 14:14:00 | TROV | sell | $1.954 | 0 |
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