N/a
-Jun 10 2020: IZEA Announces New Fortune 500 Customer - six-figure contract
-Jun 12 2020: Announces Shake - Public marketplace where marketers can buy creative services from the public
-SPY pattern: Fade
-Intraday pattern: Rug Pull
-Levels: 1.5, 2, 2.3, 2.6 - 2.7, 3
Strategy: First test short of 2.65 level
Confluence: VWAP
Strike Zone: 2.65 - 2.75
Sizing (lots): N/a
Risk (stop / Rs): Hold above 2.7
Didn't really planned the trade, simply got in because the bounce was over extended. Took profits on half of my first lot then scratch the last half. Issue here was not being quick enough to make a plan on the fly. Need to get better at this.
Lessons Learned: Make a plan with a strike zone, stop area and proper size before getting into the trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-12 14:57:10 | IZEA | sell | $2.640 | short |
2020-06-12 14:57:11 | IZEA | sell | $2.640 | short |
2020-06-12 14:58:24 | IZEA | buy | $2.530 | short |
2020-06-12 14:58:24 | IZEA | buy | $2.530 | short |
2020-06-12 14:58:24 | IZEA | buy | $2.529 | short |
2020-06-12 14:59:29 | IZEA | buy | $2.625 | short |
2020-06-12 14:59:29 | IZEA | buy | $2.625 | short |
2020-06-12 14:59:29 | IZEA | buy | $2.630 | 0 |
That was am awesome entry. you could a got a buck. use vwap as your true stops.
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Why cover so fast man?