Decent return after scaling in and sizing down the R:R. Took off 1/3rds at flushes and waited for the overall day fade, though was warned and got out right before the squeeze at 11:16. Left a touch of profit on the table (trading while you're also working is hard).
Had some trouble exiting on the first flush. I wasn't fully prepared for using this platform and let my ignorance get the better of me. Took off the first third as I saw it reversing, but since the pop managed to whiff my stop at 9.10, it kept going down and I took the second flush at a more respectable +1R.
Saved the last 1/3rd waiting for a fade across the day, but once it failed to break the 8s, I paid better attention and got out with a minor scrape with danger.
I didn't have the confidence to enter earlier despite seeing the action fail to hit even close to previous highs, but I entered when I was ready and got out when I was able with current ability. Always lessons to be gleaned. Waiting and ready for the next one.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-29 10:50:30 | VXRT | sell | $9.010 | short |
2020-06-29 10:55:13 | VXRT | sell | $8.860 | short |
2020-06-29 11:02:10 | VXRT | sell | $8.780 | short |
2020-06-29 11:21:57 | VXRT | buy | $8.780 | short |
2020-06-29 12:22:55 | VXRT | buy | $8.400 | short |
2020-06-29 14:16:15 | VXRT | buy | $8.260 | 0 |
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