Another example of a trade that I over held due to greed. I wanted a home run trade instead of going with what the market gave me and exiting on signs of weakness. My initial entry was great. There was a premarket resistance level at 14.25 and I entered on the break above it. I added late, though there was a good entry at 14.37 on the 2nd 5 minute candle for the bounce off VWAP. My exit should have been 14.50.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-18 09:33:54 | NIO | buy | $14.317 | long |
2020-08-18 09:48:53 | NIO | buy | $14.518 | long |
2020-08-18 10:03:54 | NIO | sell | $14.422 | 0 |
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