EKSO Trade on Jun 25, 2020 09:58 from _cup0fjoe: Tradervue User Stock Trades.

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_cup0fjoe

 

I was patient on this trade. I was anticipating the VWAP reclaim, but this time it was different then the other times I tried anticipating. Volume was massive for the day already, but a VWAP reclaim had been attempted already which failed. It began consolidating and I entered with 1.50 risk with 1/4 size. I quickly cut it once it reached it. I was overly disciplined and within the next 5 minutes EKSO does exactly what I wanted. I was faked out and it broke under 5.50 towards 5.40 and came back to consolidate. I was going to reenter with a better entry at 5.50/5.53, but hesitated. And then it does the VWAP reclaim and spikes .75/share before being halted.

[HINDSIGHT}: Realized that I put my risk lvl at the support lvl which isn't ideal because you have to give the stock a little wiggle room. I should have put my risk 5-10 cent below the support line of 5.50 to give it wiggle room. EKSO reminds me of my DPW loss when I sold 1-min before the rip. EKSO was the same story, I had the right thesis, but I just got shook out.
A scratch on the trade, but I feel my confidence back because my thesis played out as I wanted, my timing was the only thing off. My timing seems to be the thing I struggle with the most. In due time I will start to catch these VWAP reclaimers more often.


Execution detail:

Date/time Symbol Side Price Position
2020-06-25 09:58:22 EKSO buy $5.600 long
2020-06-25 10:00:36 EKSO sell $5.500 0


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