Was long biased, and expecting a reversal after several days of hard selling, but totally missed the 5min cup down into the 5min 20ma, and ended up chasing on my first entry. Since I knew I chased, I was too quick to take profits, and so I re-entered the trade a second time, but scalped it yet a again. In the end, I basically got like $0.50 of a $2.25 move, even from my original chase entry. Not good trading; I have to do better.
Also, I should have sized in a bit more on this one, since it was a nice cup into the 5min 20ma, and the buying was solid.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-24 10:00:47 | TXN | buy | $130.097 | long |
2020-07-24 10:00:52 | TXN | buy | $130.065 | long |
2020-07-24 10:05:28 | TXN | sell | $130.490 | long |
2020-07-24 10:07:44 | TXN | sell | $130.295 | 0 |
2020-07-24 10:13:23 | TXN | buy | $130.345 | long |
2020-07-24 10:13:26 | TXN | buy | $130.355 | long |
2020-07-24 10:16:08 | TXN | sell | $130.740 | long |
2020-07-24 10:16:38 | TXN | sell | $130.895 | 0 |
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