XPEV has been a nice trader for a while lately. Its not too extended right now.
It opened weak and went red to green intraday so i wanted to get in.
I tried to get long at 42.80 zone when it went red to green but it was too fast and i couldn't get filled on any of my limit orders. I tried several times and then i was just chasing it so i cancelled my order and took a step back to rethink what i wanted to do. I was pissed i missed the move when i clearly saw the breakout.
I decided if this was hot it would probably give me a second entry and thats all i could do at this point. So i brushed off my screw up and waited for the next setup.
It made a nice tight flag and i got long.
I didnt sell any into the first push which was dumb on my part because it already made a big move before i got in. Now i was expecting the same from the second move which basically ended up using up all of its daily range. I got stopped out at the VWAP for a very small loss.
This was mostly just frustrating and a waste of time and capital.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-18 10:06:06 | XPEV | buy | $43.230 | long |
2021-10-18 10:33:50 | XPEV | sell | $42.970 | 0 |
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