First trade: Bullish tendency, with breakout on important resistance level of $417 on 1m and 5m time frame. Good entry, but the trade was a loss, the IV wasn't on my side. CALL
Second trade: Bearish tendency. Broken support at the Daily Open price. Bearish engulfing candle on the 5m time frame. Good entry, but was a loss. PUT
I didn't took profit when I should've, in both trades. Next time, I need to be careful and be watching the IV. If I'm bullish, and the IV is going down, I need to close the trade ASAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-21 09:36:38 | SPY | buy | $2.090 | long |
2021-05-21 10:19:04 | SPY | sell | $1.790 | 0 |
2021-05-21 10:38:02 | SPY | buy | $1.460 | long |
2021-05-21 10:59:14 | SPY | sell | $1.340 | 0 |
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