LIZI Trade on Oct 12, 2020 10:08 from icinfinite: Tradervue User Stock Trades.

this was a decent set up as it broke the vwap and looked strong, i bought a 1 minute pullback and wanted to get in near 4.50 for the retest and possible break of the premarket high of 4.88. it faded to the vwap and that was where I set my stop. This was a good example of following your rules and stops, i set my stop at the vwap once it broke, I was out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-10-12 10:08:49	LIZI	buy	$4.460	long
2020-10-12 10:16:43	LIZI	sell	$4.105	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=LIZI&trade=20251141&end=20201111&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=LIZI&trade=20251141&end=20201012104343&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

glowingdounut

2020-10-12 16:18:29

Congrats on following your stop loss! I made that mistake today, similar entry but let my stubbornness get in the way of stopping out.

SpecTraderJMC

2020-10-12 22:53:44

Why was your stop the VWAP? I would have put this trade on as well on the 1 minute pull back, but scaled out on the false breakout at 1010.

icinfinite

2020-10-21 10:36:20

so my strategy teaches me to be patience with a mental stop because many times I have sold my position after a quick pullback to the VWAP only to see the stock shoot up right after I sell. I do not mind giving a 10% stop loss to ensure i do not get stopped out too early especially when the stock is trading around the VWAP.

LIZI Trade on Oct 12, 2020 10:08 from icinfinite: Tradervue User Stock Trades.

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