Shared by
Steve_Trades
- Top Trade for the day.
- After getting paper-cut to death on the wrong symbols earlier, I saw WISH as a likely candidate to be a mover on the long side - if there was going to be one.
- Started paying attention at a good time - the earlier shakeout had happened - reclaimed - and double test of VWAP gave me as good a time as any to put on some risk.
- Bought inside the powerbar pushing off the 20EMA.
- Got a bit of a move and added off the retest of the 20.
- From there it was a lot of patience to let it do its thing.
- Regret the 4th sale - it made a new high and was sure it was getting stuffed hard. Took some off.
Strength into the close with 20% left on, I waded into the AH for hopefully better prices.
+3R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-24 13:57:51 | WISH | buy | $13.255 | long |
| 2021-06-24 14:04:49 | WISH | buy | $13.277 | long |
| 2021-06-24 14:54:37 | WISH | sell | $13.540 | long |
| 2021-06-24 15:05:24 | WISH | sell | $13.780 | long |
| 2021-06-24 15:08:00 | WISH | sell | $13.910 | long |
| 2021-06-24 15:20:18 | WISH | sell | $13.980 | long |
| 2021-06-24 16:07:10 | WISH | sell | $14.690 | 0 |
Comments
Steve_Trades
2021-06-25 16:33:25
Thanks! I'm pretty sure I was risking off that $13.11 level. Below that and I would have been wrong at that point in time.
manowar41
2021-07-16 01:15:25
You must be Pro, because that was calculated risk level. You waited for 13.11 for confirmation entered. Then start scaling out.
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Great entries, very patience, you waited pullback twice and enter before lift off. risking im guessing below 13.