Shared by
kadir
LVGO was fading hard today the 5th of Aug on merger news (I usually don't trade merger news but I didn't know that, just noticed heavy volume on it) a pure technical trade, my strategy was the vwap fade, price action hit the vwap fade then faded hard, on my third attempt it worked. I am only trading in small size in order to focus on the technicals and very slowly build size instead of burning my account. I would suggest that for anyone who wants to learn trading, be extremely patient and don't trade big until you have been consistent for a long period of time.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-05 09:40:27 | LVGO | sell | $137.920 | short |
| 2020-08-05 09:41:07 | LVGO | buy | $136.020 | short |
| 2020-08-05 09:41:44 | LVGO | buy | $137.940 | 0 |
| 2020-08-05 09:49:01 | LVGO | sell | $137.110 | short |
| 2020-08-05 09:49:59 | LVGO | buy | $138.280 | short |
| 2020-08-05 09:50:39 | LVGO | buy | $138.580 | 0 |
| 2020-08-05 09:54:56 | LVGO | sell | $137.440 | short |
| 2020-08-05 09:55:39 | LVGO | buy | $136.000 | short |
| 2020-08-05 10:14:06 | LVGO | buy | $132.560 | 0 |
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