LAC Trade on Oct 5, 2020 09:41 from Steve_Trades: Tradervue User Stock Trades.

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Steve_Trades

 

I took a 30 cent loss on a mental stop after buying the run-up which failed and reversed.
Flattening the position was the right thing to do with the share price continuing to sell-off in the near term by another 30 cents.

Trade Thoughts: I feel like this trade was a decent setup and had a good chance to be profitable. If anything I anticipated the break of the opening drive high a little bit, but we were north of the 9 & 20 EMA and well above VWAP. With hindsight, I feel like I exited decently as I would have had to ride through nearly double the loss in order to get the trade green again and an additional 19 minutes. It would have also broken through a whole-dollar support which would have made been a precarious spot to be holding under water.


Execution detail:

Date/time Symbol Side Price Position
2020-10-05 09:41:05 LAC buy $16.547 long
2020-10-05 09:41:05 LAC buy $16.546 long
2020-10-05 09:43:00 LAC sell $16.240 0


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