Shared by
Dyer868
Initial plan was to take the 5m ORB up. Entered a little further from VWAP than I would have liked. Got spooked and exited for small loss when the 2nd 1m candle failed to continue upwards.
It later turned into a doji and I re-entered at a better price on the next 1m candle because it looked like the support would hold. Volume didn't confirm and I exited again just below VWAP after seeing a double top on the 1m.
Immediately after the exit I recognized that an ABCD was setting up on the 5m so I re-entered again, this time below VWAP. Saw 1m price spike on volume right after which gave me confidence to add more shares around VWAP.
ABCD went on to complete. Took partials on the way up. Exited when I felt the move had run out of steam. Could have probably held the last few shares in case it later went higher (it did) but I was satisfied.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-25 09:35:04 | BBBY | buy | $39.970 | long |
| 2021-01-25 09:36:31 | BBBY | sell | $39.860 | 0 |
| 2021-01-25 09:37:22 | BBBY | buy | $39.570 | long |
| 2021-01-25 09:41:23 | BBBY | sell | $38.700 | 0 |
| 2021-01-25 09:41:34 | BBBY | buy | $38.770 | long |
| 2021-01-25 09:46:07 | BBBY | buy | $39.180 | long |
| 2021-01-25 10:02:46 | BBBY | sell | $40.350 | long |
| 2021-01-25 10:03:05 | BBBY | sell | $40.420 | long |
| 2021-01-25 10:05:13 | BBBY | sell | $41.200 | long |
| 2021-01-25 10:05:26 | BBBY | sell | $41.300 | long |
| 2021-01-25 10:05:47 | BBBY | sell | $41.580 | long |
| 2021-01-25 10:06:00 | BBBY | sell | $42.060 | long |
| 2021-01-25 10:07:33 | BBBY | sell | $42.550 | long |
| 2021-01-25 10:07:54 | BBBY | sell | $42.740 | long |
| 2021-01-25 10:11:38 | BBBY | sell | $42.730 | long |
| 2021-01-25 10:17:59 | BBBY | sell | $43.110 | 0 |
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