ARQQ Trade on Sep 23, 2021 09:31 from BenLbTrading: Tradervue User Stock Trades.

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BenLbTrading

 

Bought this for a break of VWAP setup after a strong red to green. It did break nicely for a couple dollars and a nice profit, but I was too concerned with an open position in another trade to manage this one properly and although I threw out a sell order on the ask, the volume was too light for it to fill, and I didn't sell any on the bid because I was busy with another trade and it pulled back quickly and sharply.

I wound up holding it too long and then averaging down (usually always a bad idea), and then failing to utilize this strategy to minimize loss when it popped back up to my average price by NOT SELLING on the bid (AGAIN) because I wanted to profit off this trade rather than break even. This stubbornness resulted in me losing a chunk of my profits for the day. Stubbornness rarely pays and in this case it cost me about a third of my daily profit.


Execution detail:

Date/time Symbol Side Price Position
2021-09-23 09:31:17 ARQQ buy $38.750 long
2021-09-23 09:35:30 ARQQ buy $37.270 long
2021-09-23 09:52:23 ARQQ sell $37.130 0


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