Daily:
Price levels: 34.97, 33.77, 31.77
Inst. Ownership: 26.70%
ATR: 3.15
AVOL: 8.98M
VOL: 7.4M
Float: 91.82M
Short float: 16.19%
Intraday:
Price opened above the 34.97 level, but sold off to it. A double bottom was formed at 34.50. I got long on a 5 min new high looking for a run back to the 200 ema on the 5 min. Price formed a doji at vwap and fell signaling my exit.
areas of improvement
- Entry was okay. Price failed to make new lows for 25 minutes and formed a double bottom. - Getting in on the 5 min new high was fine, though R:R would have been better at 34.50.
- Following the doji at vwap, you should have exited. A good jump of profit was lost (~25 cents) because of this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-10 10:12:24 | MARA | buy | $34.798 | long |
2021-08-10 10:13:56 | MARA | buy | $34.950 | long |
2021-08-10 10:31:28 | MARA | sell | $34.971 | 0 |
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