ABUS Trade on Jul 27, 2020 10:52 from cavaliercapital: Tradervue User Stock Trades.

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cavaliercapital

 

G/R move helped confirm my bias. I would have like to have seen another test of VWAP but it just couldnt get there. Happy with entries, although on a trade like that with a risk just over r/g, my size should have been x5/x10, as I was looking for a retest of yday lows into 4.75's and although chart looked heavy, was expecting a bounce. so 3R in this context needed much bigger size. Pleased with the covers into the .50's. That final add was more of a hope strategy then anything else, covered out the last portion on b/e at 4.64.

To Improve: Position sizing calculation needs to get better, R x max loss should determine position size. if first target is 20-40cents, adjust size accordingly vs a 10-20 cent risk. Adding at major support area is wishful thinking, nothing more. cut that out.
Although entry was good vs r/g, still plenty of room overhead vs VWAP. If playing with size that 90s entry should have probably taken some off at each flush.

Exits - solid strategy into that 4.50 support level, glad i took a chunk off, patience on that move back into resistance at 4.60's. try not to panic, watch tape, watch decreasing volume at that level, confirmation that move higher is unlikely.


Execution detail:

Date/time Symbol Side Price Position
2020-07-27 10:52:29 ABUS sell $4.910 short
2020-07-27 10:52:57 ABUS sell $4.910 short
2020-07-27 10:54:58 ABUS sell $4.850 short
2020-07-27 10:54:58 ABUS sell $4.850 short
2020-07-27 10:54:58 ABUS sell $4.850 short
2020-07-27 10:54:58 ABUS sell $4.850 short
2020-07-27 10:54:58 ABUS sell $4.850 short
2020-07-27 11:00:03 ABUS sell $4.800 short
2020-07-27 11:00:08 ABUS sell $4.820 short
2020-07-27 11:00:08 ABUS sell $4.820 short
2020-07-27 11:00:08 ABUS sell $4.820 short
2020-07-27 11:17:49 ABUS sell $4.650 short
2020-07-27 11:17:49 ABUS sell $4.650 short
2020-07-27 11:17:49 ABUS sell $4.650 short
2020-07-27 11:23:31 ABUS buy $4.530 short
2020-07-27 11:23:35 ABUS buy $4.530 short
2020-07-27 11:33:07 ABUS buy $4.610 short
2020-07-27 11:33:07 ABUS buy $4.610 short
2020-07-27 11:33:45 ABUS buy $4.550 short
2020-07-27 11:36:06 ABUS buy $4.600 short
2020-07-27 11:41:05 ABUS sell $4.500 short
2020-07-27 11:41:05 ABUS sell $4.500 short
2020-07-27 11:41:05 ABUS sell $4.500 short
2020-07-27 11:41:05 ABUS sell $4.500 short
2020-07-27 11:41:05 ABUS sell $4.500 short
2020-07-27 11:41:05 ABUS sell $4.500 short
2020-07-27 11:41:05 ABUS sell $4.500 short
2020-07-27 11:46:16 ABUS buy $4.640 0


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