Shared by
beno
Trade Variables
Float : 112M
News / Catalyst : EV sector run
SPY Intraday pattern : Runner
Ticker Intraday pattern : Runner
Strategy : A grade FT-15 long
Confluence : Whole $, VWAP, 3m-JL
Strike Zone : 40 - 39.5
Sizing (lots + emergency) : 500
Risk (stop / Rs) : Hold below 40
Notes
very disappointed in myself here, price had hard time staying above 40 after the sell candle so it made me uncomfortable. it took awhile for the trade to work so I'm not sure how long I would have stayed in, very tricky day for pullback longs, B/E
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-04 13:24:50 | WKHS | buy | $39.890 | long |
| 2021-02-04 13:25:49 | WKHS | buy | $39.710 | long |
| 2021-02-04 13:25:50 | WKHS | buy | $39.710 | long |
| 2021-02-04 13:29:48 | WKHS | sell | $39.820 | 0 |
Comments
beno
Hey Marc thanks for the feedback. I think the true mistake for me is not getting back in when I saw 40 hold again. I like cutting near B/E when I see weakness because it gives me more control of the trade. However, I think I put too much weight on the tape variable as all the other variables for this trade was A+. My risk appetite definitely should have been bigger here but throughout this day I had a similar setup on SPCE that didn't work so it definitely affected my stance towards the odds of this trade working. Thanks again, best of luck in your trading!
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Keep at it. You are killing it with your entries. try targeting the double bottom and or taking half your position size and doubling your stop distance. If the trade makes you feel "scared" your position is to big. You are headed the right direction, keep at it. I have been looking at your trades. Stay green. Marc