Shared by
tjmiller2001
In play with USA legalization hopes for marijuana sector.
Fell below my level, came back above, entered on a dip with a reversal candle right at VWAP. Did a great job thinking quickly and pouncing on this opportunity. Entered with 3:1 RR
Got super close to my exit level then pulled back. Should've exited when the 9 EMA failed as support. Instead I held for longer, wishful thinking. Got out when it made a lower high and broke VWAP. Still profitable but didn't stick to my rules.
Lesson learned: If you set the 9 EMA as your trailing stop, don't keep holding after the 9 EMA is broken. Stick to your rules.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-15 09:39:12 | CGC | buy | $34.250 | long |
| 2021-01-15 09:57:24 | CGC | sell | $34.510 | 0 |
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