FUBO Trade on Feb 4, 2021 10:10 from tjmiller2001: Tradervue User Stock Trades.

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tjmiller2001

 

FUBO opened strong then pulled back and respected 52 level more than VWAP. Started making lower highs and higher lows, forming a bull pennant.

Did a great job scaling in, fighting for price near bottom trendline of pennant. Although I would take this trade again, I'd be more confident if it was respecting VWAP.

I like my 3:1 RR here, but I was scalping more than hoping for a true Trade2Hold when the if the pennant broke to the upside. It would've been appropriate to take off 1 share at the 3:1 TP level, and let the other ride the 9 EMA or maybe even more than that.

Almost got wicked out at 7:13 but held through it. Proud of myself for waiting for 1m close. The bottom level broke hard and fast. I knew everyone would have their stops under 52. Since I wasn't the first one out, I couldn't get a good fill. Ended up taking a large loss, exiting too late.

If I stuck around, there was a good short opportunity on the retest and fail of 52. Once I'm better at scalping, that's a move I'll be able to take with confidence.

Lesson Learned: If you fight for price and cut losers quick, you're doing great. On this trade I fought well for price but held my loser for too long. Need to be quicker on the exits.


Execution detail:

Date/time Symbol Side Price Position
2021-02-04 10:10:35 FUBO buy $52.200 long
2021-02-04 10:11:11 FUBO buy $52.000 long
2021-02-04 10:18:10 FUBO sell $51.290 long
2021-02-04 10:18:20 FUBO sell $51.160 0


Comments

2021-02-23 22:39:58
 

Nice review man, get em next time.

2021-02-24 01:37:40
 

Appreciate you JYoung!

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