BAC Trade on Oct 14, 2020 07:46 from steiff: Tradervue User Stock Trades.

Shared by
steiff

Setup:
- Trading below VWAP in premarket on 5min chart
- Stock was down 2.20% in premarket
- Bad earning report
- VWAP descending
- Big buyer @ 24.75 - 42600 shares
- S&P: +0.12% - DOW: 0.24% - NASDAQ: 0.19%

Entry: 24.40$
Risk: 250$
Reward: 500$
Stop: 24.77$
exit: 23.78$

Real reward: 400$

Execution:
- Shorted in premarket when price was close to VWAP
- Sold when no newer lower highs and lower lows on 5min chart

Improvements:
- Buy when price was a little above VWAP
- Waiting longer to meet my target
- Wait till opening to see real trend

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-10-14 07:46:47	BAC	sell	$24.400	short
2020-10-14 10:35:46	BAC	buy	$23.990	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BAC&trade=20312881&end=20201014104346&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BAC&trade=20312881&end=20201014124546&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BAC&trade=20312881&end=20201014160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=BAC&trade=20312881&end=20201014160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

TomasHerka

2020-10-15 06:39:54

you had really nice entry as I can see. Nice job

steiff

2020-10-15 09:09:31

Thank you.
Yes indeed very nice trade ... thanks to the newly bought Trade Ideas.

Really great software to help finding good trade opportunities (I don't work for them)

BAC Trade on Oct 14, 2020 07:46 from steiff: Tradervue User Stock Trades.

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