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Sep 20, 2021 11:07


FGD Mistake: Overtrading VWAP Hold

PM runner on high volume.
When it looked like it cracked and recovered multiple time, I thouhgt it would squeeze.
I kept getting stopped out and recovering so I would buy again.
Ended up failing and fading the rest of the day.

Execution detail:

Date/time Symbol Side Price Position
2021-09-20 11:07:00 ZIVO buy $7.579 long
2021-09-20 11:08:00 ZIVO sell $7.370 0
2021-09-20 11:14:00 ZIVO buy $7.390 long
2021-09-20 11:19:00 ZIVO sell $7.140 0
2021-09-20 11:24:00 ZIVO buy $7.341 long
2021-09-20 11:36:00 ZIVO sell $7.100 0
2021-09-20 11:37:00 ZIVO buy $7.395 long
2021-09-20 12:14:00 ZIVO sell $7.230 0


2021-09-21 11:58:52

On the two minute chart you kept getting stopped out on bottoming tail candles which indicates to me that you're stops were an arbitrary number of cents rather than based on a particular level. Were you buying for breakouts? Not seeing a rationale to your buying either.

2021-09-21 15:27:32

Yes, instead of using a better support level in the 6.5-6.6 area, I was anticipating it to breakout of the range so was using the mini support from few mins. That is why I kept getting stopped out on the wicks.

My 1st buy was when it broke the downward trend from PM and morning highs. After that I was biased that this has to breakout so whenever it would recover, I would get annoyed and buy again. Again, I was using a bad stop level so I would get stopped out.

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