SPY pulls back to recent consolidation level
FSLY - 3rd day after earnings - Price breaks through support, below yesterdays day range.
Entry 2nd pull back to VWAP and support / resistance level
Ticker popped up on my radar as an alert has been triggered by breaking through a level, I set 3 days ago. I entered near VWAP. Unfortunately price moved up like a bulldozer. I panically searched for mistakes I made when setting the SL. (Looking on 30 and 5min charts. I reset the SL that, far that I made a huge loss.
0/10
- This is the second pull back. I only wanted to trade the first one to VWAP.
- Use a trend line to see where trend might have been broken.
- DO NOT MOVE YOUR SL AGAINST YOU!
- Better Ignore ticker you haven't prepared for.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-10 10:13:00 | FSLY | sell | $41.210 | short |
2021-05-10 10:21:00 | FSLY | buy | $42.150 | 0 |
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