Shared by
Trade_Hunter
GTEC was a great mover this morning with a pretty projected support line at VWAP ($22)
I took a few trades on it at the VWAP and was able to catch two significant rises.
What did I do well?
- Located strong support and took the trades based on that.
- Took profits without getting greedy. Often I take profits too early and miss out of more gains but on GTEC here I actually barely managed to avoid a $5/Share drop by taking profits swiftly. Glad for that!
What could I have done better?
- I didn't define my stop loss before the trade. There is really no excuse to not define SL before taking a trade because I know I'm not always right... lol. Gotta get better about this.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-18 09:31:50 | GTEC | buy | $22.710 | long |
| 2021-02-18 09:32:13 | GTEC | buy | $22.400 | long |
| 2021-02-18 09:33:56 | GTEC | sell | $25.400 | long |
| 2021-02-18 09:34:15 | GTEC | sell | $24.140 | 0 |
| 2021-02-18 09:35:44 | GTEC | buy | $23.740 | long |
| 2021-02-18 09:35:55 | GTEC | sell | $23.720 | 0 |
| 2021-02-18 09:36:36 | GTEC | buy | $22.640 | long |
| 2021-02-18 09:37:08 | GTEC | buy | $22.970 | long |
| 2021-02-18 09:39:39 | GTEC | sell | $23.740 | long |
| 2021-02-18 09:41:35 | GTEC | sell | $26.150 | 0 |
Comments
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Well done sir! Good timing