Shared by
joelagnel
I could have got better entries earlier on if I just looked at the trend line. Could have avoided the huge draw down. The stock was hot, had news. Just made bad entries.
Actually I was kind of skeptical and not much interested in momo trading today. So I tried to ignore the stock. That made me have less interest in the trade itself and almost cost me a red day.
I think I want to continue to momo trade pre-market with small size, and look for good entries based on trend lines, emas and support/res.
Check this image for the bad entry I made and the good entry I could have made!!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-30 09:07:11 | CUEN | buy | $6.880 | long |
| 2021-06-30 09:07:39 | CUEN | buy | $6.750 | long |
| 2021-06-30 09:09:20 | CUEN | buy | $6.730 | long |
| 2021-06-30 09:12:46 | CUEN | sell | $6.660 | 0 |
| 2021-06-30 09:19:07 | CUEN | buy | $7.080 | long |
| 2021-06-30 09:20:52 | CUEN | buy | $7.190 | long |
| 2021-06-30 09:21:02 | CUEN | sell | $7.170 | 0 |
| 2021-06-30 09:22:10 | CUEN | buy | $7.450 | long |
| 2021-06-30 09:22:20 | CUEN | sell | $7.490 | 0 |
| 2021-06-30 09:22:23 | CUEN | buy | $7.560 | long |
| 2021-06-30 09:23:00 | CUEN | sell | $7.890 | 0 |
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