Shared by
steiff
Setup:
- S&p: 0.53% - DOW: 0.36% - QQQ: 0.69%
- Stock was trading below VWAP
- Opening trend was negative in 5 first minutes
Type: Daytrade - only based on price action
Entry: short $21.60
Stop: $22
Target: $21
Qty: 800
Expected reward: $480
Real reward: $201
Execution:
- Bought short $21.60 after 9 min of negative trend
- Sold when near bullish engulfing candle appeared and price action was trending to go up higher
Improvements:
- Buy when testing VWAP and no breakout
- Should have take the long side as this was breaking up to 1.4 point
Remark:
- Sold @ right moment because the stock went up from that moment
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-21 09:38:42 | NKLA | sell | $21.600 | short |
| 2020-10-21 09:51:18 | NKLA | buy | $21.339 | 0 |
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