Shared by
CapitalMastery
Summary
Realized that FSLY was putting in a bearish trend off the 5min 20ma, and so once I saw it bounce off, after the first push attempt, I started a short position, and added into the push back to the 5min 20ma, expecting it to fail again, which it did.
Did Right
- Picked up the bearish trend based on what I've been learning from the ADH course, and was able to apply a trade in real-time
Did Wrong
- Was scalping when I should have been playing for the bigger picture pullback that was setting up on the daily, which ended up being an $8+ move
Improvements
- When stalking these bigger moves, be prepared to actual tackle them, rather than always just trading in reactive/scalp mode.
- Be aware of, and pay attention to the overall context/bigger picture at all times during the day; be careful not to get too focused in on the micro.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-10 09:55:48 | FSLY | sell | $97.780 | short |
| 2020-07-10 09:59:56 | FSLY | sell | $99.111 | short |
| 2020-07-10 10:01:55 | FSLY | buy | $98.000 | short |
| 2020-07-10 10:03:05 | FSLY | buy | $97.500 | 0 |
| 2020-07-10 10:12:09 | FSLY | sell | $98.110 | short |
| 2020-07-10 10:12:33 | FSLY | sell | $98.041 | short |
| 2020-07-10 10:25:14 | FSLY | buy | $97.676 | short |
| 2020-07-10 10:27:20 | FSLY | buy | $97.500 | 0 |
| 2020-07-10 10:27:52 | FSLY | sell | $97.380 | short |
| 2020-07-10 10:30:53 | FSLY | buy | $96.750 | 0 |
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