Shared by
Leon64
Target: $15.20 or lower | 2.25:1 R:r
Risk: $500 vs $15.85
Setup: The actual setup was at $16.20s below VWAP after it broke the uptrend and a lower high after the double tap @ $16.96. I noticed earlier in the day that it supported heavily at $15.80 and knew it would be pretty weak if it broke below. I just got in on a 5 minute consolidation.
Cons:
1. I missed the initial entry which was actually pretty simple. It even provided a easy stop once it retested 16.30.
2. I definitely could have held my last portion for Monday, but I really hated how it acted once I was in.
3. I was hoping for too much with my first exit.
Note: There were easier plays earlier in the day that I CANNOT miss!
Old Blog:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-13 12:42:00 | CODX | sell | $15.650 | short |
| 2020-11-13 12:42:00 | CODX | sell | $15.650 | short |
| 2020-11-13 12:43:00 | CODX | sell | $15.650 | short |
| 2020-11-13 14:35:00 | CODX | buy | $15.185 | short |
| 2020-11-13 14:47:00 | CODX | buy | $15.290 | 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!