Shared by
MukeshVerma
Trade 1
Bought 2 contracts here as:
• Market had taken a dip in price previously but VWAP looked flat (with a slight upwards balance) therefore expected the market condition to be rotational
• Expected the market to rotate at 2sd but looked like it was turning already and didn't want to miss out (FOMO?)
• OF looked like there was buying pressure to support the move.
• SL (1) placed outside of 1.5sd and SL (2) outside 2sd - both triggered
• Volume profile looked P shape so expected a continued imbalance / upwards rotation
• STOPS being triggered - minimal movement on OF but large price movement
Market did subsequently go up but after I got stopped out(even then it continued to sell down
Grade C
Trade 2
Bought 1 contract here as:
• Market had taken a dip in price previously but VWAP looked flat (with a slight upwards balance) therefore expected the market condition to be rotational
• Expected the market to rotate at 2sd
• OF looked flat but with slow incremental buys
• SL (1) placed outside of 2sd
• Volume profile looked P shape so expected a continued imbalance / upwards rotation
Market did subsequently go up but after I got stopped out - decided not to go back in as I didn't want to risk any more capital.
Grade B
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-08 06:18:54 | ESH1 | buy | $3894.25 | long |
| 2021-02-08 06:19:48 | ESH1 | buy | $3894.25 | long |
| 2021-02-08 06:32:04 | ESH1 | sell | $3891.25 | long |
| 2021-02-08 06:34:21 | ESH1 | sell | $3890.00 | 0 |
| 2021-02-08 06:36:43 | ESH1 | buy | $3889.75 | long |
| 2021-02-08 06:41:45 | ESH1 | sell | $3887.25 | 0 |
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