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Jun 10, 2021 14:04


anticipating breakout

I was anticipating a breakout again, however this stock had a huge run did not consolidate nicely. I was really trying to buy a vwap bounce and hoping for some upside that never came. I did not stop out on the stop and lost more than I needed too.

I find it is so easy to let me losers run and my winners not.

Execution detail:

Date/time Symbol Side Price Position
2021-06-10 14:04:26 MEDS buy $8.840 long
2021-06-10 14:06:40 MEDS buy $8.620 long
2021-06-10 14:26:08 MEDS sell $7.500 0


Gravatar lita
2021-06-11 13:42:38

meds killed me too

Gravatar Ar49
2021-06-11 16:54:56

hey man if a stock is gonna give a second leg especially after running almost 100% since the open its gonna need time to accumulate and trap more short sellers near or at vwap for 30 minutes to an hour and a half this trap usually happens from 11:30 to 1PM after 1PM it is less likely from what I've experienced. In this case you were going long at around 1:30PM to 2PM I can't tell exactly but just know that after 1PM it can be a little harder to get a good long entry especially if no higher lows forming like in this case the stock kept making lower highs after It topped out at 10.50, hope this helps .

2021-06-13 10:30:55

Thanks for the feedback AR49. I have usually seen these runners bounce of vwap and give a nice bounce back to high of day and then fade off. After the bounce I saw a higher low made, so that was my entry, but it did not work this time.

Gravatar Ar49
2021-06-16 19:36:39

I see what u mean about that higher low where u got in but it was a bit premature there. I would classify a higher low more so if it broke through 9 and retested and held there in my opinion that would've been a higher low. But u had a good trade thesis. and u didnt bag hold which is good. just maybe work a bit more on entries and patience.

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