Unacceptable:/
Amazing daily.
Day I: Earnings report. Broke the uptrend est. back in early 2020. Day I LOD=$172.5
Day II: Inside day at bottom of Day I range. Day II LOD = Day I LOD=$172.5
Day III: Premarket plan was to get "short" the moment it broke thru S1=Day I & II LOD=$172.5, for continuation lower towards S2=$170, ideally S3=$167..
1min before market open flushed right into S1=$172.5 and I thought I would lose it, so
got short filler size once it bounce at the open, risking R1=yesterday's resistance pivot=$175. Got rejected at R1, rolled over back to S1, and I added two momo tiers for the break-down, tightening stop above VWAP=$173.5s, expecting a hard momo sell-off.
Covered small at the flush to $171, and put stop to $173.01. Got stopped out at the tick to $173.05. Rolled back down and put a LOD...at S2=$167.
---> Now getting stopped out at the top tick is bad luck...
(-) What's unacceptable is that the stock got rejected another 3!! times at S1=$172.5 w/o being able to break and hold above the level while overall market was trying to bounce. But I never paid attention and I never re-entered.. 3 times!! That's my mistake and it is unacceptable...Got what I deserve. A b/e trade vs +$5/share stress-free.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-04 09:32:25 | TGT | sell | $173.100 | short |
2021-03-04 09:56:09 | TGT | sell | $172.460 | short |
2021-03-04 10:04:28 | TGT | sell | $172.210 | short |
2021-03-04 10:09:47 | TGT | buy | $171.160 | short |
2021-03-04 10:47:16 | TGT | buy | $173.050 | 0 |
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