Shared by
eugene_p
This was a killer trade for me. First trades were with feeler size and I was nearly even on them, however after around 10.30 I noticed my favorite setup and started scaling in. It was working nicely but sudden massive market order ruined it and exeeded my stop loss as I was taken out at the lows and the stock got haulted.
Also, in hind sight I see that I traded against vwap. Remember what Shark told me. Don't trade against vwap. It will save you a lot of money. Only take a trade when a stock deviated from it too much.
From today I set risk limit per stock which is $150. If I reach it I don't trade the stock till next day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-27 09:59:28 | NNVC | buy | $14.350 | long |
| 2020-01-27 10:02:55 | NNVC | sell | $13.730 | 0 |
| 2020-01-27 10:04:31 | NNVC | buy | $14.310 | long |
| 2020-01-27 10:05:30 | NNVC | buy | $14.580 | long |
| 2020-01-27 10:10:15 | NNVC | sell | $15.300 | long |
| 2020-01-27 10:21:20 | NNVC | buy | $15.620 | long |
| 2020-01-27 10:27:42 | NNVC | sell | $14.730 | long |
| 2020-01-27 10:27:58 | NNVC | sell | $14.860 | 0 |
| 2020-01-27 10:32:40 | NNVC | buy | $14.920 | long |
| 2020-01-27 10:34:58 | NNVC | buy | $14.950 | long |
| 2020-01-27 10:42:10 | NNVC | buy | $14.540 | long |
| 2020-01-27 10:51:59 | NNVC | buy | $14.770 | long |
| 2020-01-27 11:01:46 | NNVC | sell | $13.330 | 0 |
Comments
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Good trade, I would avoid this stocks was too strong for long and very volatile.I played it in the second day plenty of opportunity. Remember from The Playbook be like the Cheetah and attack when its weak.