LMND Trade on Oct 21, 2020 11:13 from spyrosz: Tradervue User Stock Trades.

Gravatar

Shared by
spyrosz

 

Alert hit when it flushed to the all-important previous break-out $57 level.
Thought it would hold support and put an RDR reversal candle, reclaiming yesterday's low & close=$58.5. Wanted to buy in-front of the S1=$57 support, sell some at the bounce, add throught the break/reclaim of yesterday's close & low.

DON'T BE A SUCCKER = TECHNICAL REVERSAL ON THE 15MIN + FLUSH THROUGH SUPPORT
- Got long filler size, risking wide stop 1% of price $56.5s, sitting tight, waiting for the pattern to form.
- Added more when EMAs@1min chart crossed each other for the 1st time
- Added one more time when it held LOD for the 2nd time putting the "Double Bottom" & EMAs@1min chart crossed again, moving stop to LOD=$56.75.

Sold 50% of the position during the push to VWAP, held remaining as a swing since:
- I was already green on the name
- Had 50% of size on
- Closed relatively well above $57 support and VWAP

image

Tried to push at the open, but got rejected at R1=$58.7 and rolled over.
Stopped out of the last 50% when it broke the all-important $57 level.
Closed at $52. Ouch:/
image


Execution detail:

Date/time Symbol Side Price Position
2020-10-21 11:13:58 LMND buy $57.100 long
2020-10-21 11:44:31 LMND buy $57.710 long
2020-10-21 12:46:12 LMND buy $57.340 long
2020-10-21 14:40:57 LMND sell $57.920 long
2020-10-21 14:45:27 LMND sell $57.920 long
2020-10-21 14:55:19 LMND sell $57.980 long
2020-10-21 15:05:45 LMND sell $57.860 long
2020-10-21 15:32:57 LMND sell $57.860 long
2020-10-22 10:21:03 LMND sell $56.570 long
2020-10-22 10:21:03 LMND sell $56.600 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in