Shared by
CapitalMastery
Summary
Got in a bit too early on my initial entry, and instead of stopped when LOD broke, I stayed in and scaled up once the bottom was in. While this worked, I don't like how I managed this as it could get me into trouble. Better to stop out, and re-enter a new position once bottom is in.
Did Right
Stuck to my setup, and traded my playbook.
Did Wrong
- Didn't stop out on my initial entry when LOD broke.
- Also got out too early because
Improvements
- Stop out when I'm too early, and start new position at bottom
- Be patient on my exits! I keep leaving money on the table, thus making these terrible R:R trades.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-01 09:44:52 | SPCE | buy | $16.378 | long |
| 2020-07-01 09:54:33 | SPCE | sell | $15.870 | 0 |
| 2020-07-01 09:55:02 | SPCE | buy | $15.930 | long |
| 2020-07-01 09:57:06 | SPCE | buy | $15.986 | long |
| 2020-07-01 09:57:09 | SPCE | buy | $16.000 | long |
| 2020-07-01 09:57:23 | SPCE | buy | $16.025 | long |
| 2020-07-01 10:02:40 | SPCE | sell | $16.170 | long |
| 2020-07-01 10:06:55 | SPCE | sell | $16.150 | long |
| 2020-07-01 10:06:55 | SPCE | sell | $16.150 | long |
| 2020-07-01 10:07:07 | SPCE | sell | $16.150 | long |
| 2020-07-01 10:07:07 | SPCE | sell | $16.150 | long |
| 2020-07-01 10:07:17 | SPCE | sell | $16.150 | long |
| 2020-07-01 10:07:17 | SPCE | sell | $16.150 | 0 |
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