Shared by
tjmiller2001
I'm in a slump where I'm not really enjoying trading anymore. This quote is keeping me going, "You didn't come this far to only come this far."
UBER in play after breaking the $50.00 resistance it has been under the past few days. Strong open then I waited for a pullback to avoid chasing.
After confirmation that VWAP would hold I got in with a 3:1 RR and felt good about my levels. Shortly after, VWAP broke very quickly out of nowhere and I rushed to get out. My stop was broken and I didn't get out near the level I would've wanted to.
Lesson Learned: Your levels will not always break slowly and neatly. You need to be prepared to abandon ship fast if the unexpected occurs.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-20 09:52:28 | UBER | buy | $50.245 | long |
| 2020-11-20 09:54:47 | UBER | sell | $49.896 | 0 |
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