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Shared by
efernandes

 

PROG

Oct 18, 2021 09:30


Recent runner that had a MDB and was consolidating at the former resistance became support level.
IT was also forming a downward diagonal triangle on the daily.
Gapped up today above 1 of the resistance levels.
Bought out the open when it started brekaing the PM high.
Got stopped out.

Got back in but too late on the breakout rather than the triangle trend. Got faked out and sold too early.
Bought again but felt like it was a chase so I got out which was good b/c it ended up cracking.
Should hav bought back on the triangle trend when it reclaimed VWAP and started trending backup.
Missed the MDB and big squeeze.


Execution detail:

Date/time Symbol Side Price Position
2021-10-18 09:30:00 PROG buy $2.350 long
2021-10-18 09:31:00 PROG sell $2.410 long
2021-10-18 09:31:00 PROG sell $2.410 long
2021-10-18 09:49:00 PROG sell $2.350 0
2021-10-18 10:16:00 PROG buy $2.450 long
2021-10-18 10:17:00 PROG sell $2.535 long
2021-10-18 10:19:00 PROG sell $2.535 long
2021-10-18 10:20:00 PROG sell $2.470 0
2021-10-18 10:40:00 PROG buy $2.560 long
2021-10-18 10:47:00 PROG sell $2.542 0


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