oh man I trade this bad, but I learnt a good lesson.
I saw EYES a bit too late, literally when it was near the top. I had fomo and jumped in and took a loss. I was pissed because this was not a strategy. I told my self that this trade is going to add to my random trade list and I should not trade it again.
LOL jks, in about 4 minutes I saw that it had made a bit of a base so I bought another 30 shares hoping that it would continue higher. HAHA the market just laughed and took my money. I cut my loss even MORE pissed.
I then continued to watch and saw that we were approaching VWAP. This graph looked similar to a drawing that I have on a sticky note. I planned to buy the bounce of VWAP and this trade worked. I sold near the previous top and saw it was struggling to break and took my profits. THIS was a good trade and will be keeping an eye out for more of this. It has good probablilty I think. I have not tracked it though. This is also the 3 wave reversal pattern.
I then went in AGAIN! thinking it was a cup and handle however I should have waited for a break of the HOD to enter.
I have learnt some good lessons.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-06 12:08:58 | EYES | buy | $10.460 | long |
2021-04-06 12:09:46 | EYES | sell | $10.080 | 0 |
2021-04-06 12:13:07 | EYES | buy | $10.130 | long |
2021-04-06 12:15:24 | EYES | sell | $9.760 | 0 |
2021-04-06 12:24:11 | EYES | buy | $9.730 | long |
2021-04-06 12:34:46 | EYES | sell | $10.400 | long |
2021-04-06 12:35:24 | EYES | sell | $10.500 | 0 |
2021-04-06 12:44:38 | EYES | buy | $10.250 | long |
2021-04-06 12:47:49 | EYES | sell | $10.140 | long |
2021-04-06 12:47:59 | EYES | sell | $10.070 | 0 |
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