*Idea: Continued breakdown under VWAP after opening shove into slow fade
*Entry: 20.50s starter, scale on pops
*Risk: 1:3 (HOD vs 19.40s key level)
n/a
n/a
Although gapped down, believed signs of weakness of lower highs and weakness under VWAP was an entry signal.
Took small entry starter around the 20.50s to start a core. The push and retest from the VWAP looked like a scaling point, added double my current size. Apparently there was another story there and a big 1 buck squeeze pushed up right into and past my stop.
The point seems to have been forgotten to trade your plan. Others can trade reactively. You are not there yet. You must practice that before reaching, and until then, plans are the way to go.
Other trades in the chamber were present, you simply did not see.
Taking a full commitment to be truly prepared going forward.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-19 09:57:17 | FUBO | sell | $20.450 | short |
2021-05-19 10:10:25 | FUBO | sell | $20.650 | short |
2021-05-19 10:10:25 | FUBO | sell | $20.650 | short |
2021-05-19 10:14:12 | FUBO | buy | $21.100 | 0 |
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