Shared by
GeoJosh
What was happening in the market
Sympathy play. Stock riding on advance in sector
What was the set-up
Price broke range on May 27 and was consolidating and therefore expectation was further price high. Long bias
How did I trade it
Went long with 200 shares with a $0.135 risk. Got stopped out
Re-entered at a better price. Price sour but close too early at the first sign of PB leaving appreciable profit on the table.
Learning Experience
Learn to manage exit better. Should have taken 50% off and allow the balance to run until there is clear sign of market reversal
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-28 11:13:25 | VTNR | buy | $6.060 | long |
| 2021-05-28 11:52:55 | VTNR | buy | $5.925 | long |
| 2021-05-28 12:06:45 | VTNR | sell | $5.850 | long |
| 2021-05-28 12:08:43 | VTNR | sell | $5.710 | 0 |
| 2021-05-28 12:16:02 | VTNR | buy | $5.760 | long |
| 2021-05-28 14:22:47 | VTNR | sell | $7.160 | 0 |
| 2021-05-28 14:32:09 | VTNR | buy | $7.430 | long |
| 2021-05-28 14:50:54 | VTNR | sell | $7.650 | 0 |
| 2021-05-28 15:18:27 | VTNR | buy | $7.440 | long |
| 2021-05-28 15:18:28 | VTNR | sell | $7.095 | 0 |
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