Shared by
Driver42_BOWS
Went long on anticipation of a bounce off the 5min 9ema and vwap at 9.38,
Price then dropped off quickly and I double up at the bounce near the low of yesterday (8.80).
Price reached a low of today at 8.83.
Doubled up at 9
Stop placed under yesterdays low at 8.75
Disastrous trade.
Stopped out at 7.74
A hard lesson to learn.
My stop was too wide and I doubled down, albeit at a logical (to my mind) area.
I went long again on this after it failed to break the low and seemed to bounce with some volume.
I should have stayed away from this altogether.
Once in I should have exited, with a small profit at one point, but held and hoped.
Stopped out at a new low of the day
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-29 09:55:19 | VLTC | buy | $9.380 | long |
| 2015-04-29 09:55:26 | VLTC | buy | $9.390 | long |
| 2015-04-29 09:55:26 | VLTC | buy | $9.390 | long |
| 2015-04-29 09:55:44 | VLTC | buy | $9.300 | long |
| 2015-04-29 10:10:09 | VLTC | buy | $9.000 | long |
| 2015-04-29 10:10:10 | VLTC | buy | $9.000 | long |
| 2015-04-29 10:10:12 | VLTC | buy | $9.000 | long |
| 2015-04-29 10:10:12 | VLTC | buy | $9.000 | long |
| 2015-04-29 10:13:23 | VLTC | buy | $9.000 | long |
| 2015-04-29 10:33:05 | VLTC | sell | $8.760 | long |
| 2015-04-29 10:33:05 | VLTC | sell | $8.750 | long |
| 2015-04-29 10:33:05 | VLTC | sell | $8.740 | long |
| 2015-04-29 10:33:05 | VLTC | sell | $8.730 | long |
| 2015-04-29 10:33:06 | VLTC | sell | $8.730 | 0 |
| 2015-04-29 10:44:44 | VLTC | buy | $8.840 | long |
| 2015-04-29 10:44:46 | VLTC | buy | $8.840 | long |
| 2015-04-29 10:44:58 | VLTC | buy | $8.840 | long |
| 2015-04-29 12:31:59 | VLTC | sell | $8.560 | long |
| 2015-04-29 12:31:59 | VLTC | sell | $8.550 | long |
| 2015-04-29 12:31:59 | VLTC | sell | $8.550 | 0 |
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