AGQ Trade on Feb 1, 2021 09:33 from hermanho939: Tradervue User Stock Trades.

Gravatar

Shared by
hermanho939

 

Daily chart, gap up 20%, open near highs of few months ago. Long bias.

9:30 and 9:31, although both breakdown candles, but combined 2%, hence non-threatening, long bias not diaplaced.

9:32, forming double bottom on smaller time frames, reversed 60% of 9:31, on comparable volume as 9:31. Double bottom (stop loss) 0.8% away. Easy (and correct) decision to entry.

9:33, breakup candle.

Decision to exit half after 9:34. Rationale: price near important pre-marked price; extreme anomaly in effort versus result, long supply shoot. In hindsight, exited too early. Maybe should have considered the non-negligible green body, and the candle both opened and closed above the important pre-marked price by a non-negligible margin; hence the factor of 'price near important pre-marked price should not be considered). On the whole, this exit is probably barely within the realm of reasonableness, based on the factor of 'extreme anomaly in effort versus result' and 'long supply shoot'). With hindsight, the best partial exit would be after 9:38. Clear rejection of price off important pre-marked price (to the penny) followed by significant (despite inside) red candle with volume.

Clearly correct decision to exit second half after 9:45. Second rejection off price of the important pre-market price; followed by (even larger than first time) breakdown candle on volume. With hindsight, massive downtrend afterwards.


Execution detail:

Date/time Symbol Side Price Position
2021-02-01 09:33:01 AGQ buy $63.070 long
2021-02-01 09:35:02 AGQ sell $63.390 long
2021-02-01 09:46:01 AGQ sell $63.570 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!

View plans, Sign up for free, or Log in