Shared by
helltrader985
- 8:05AM chase, exited soon so wasn't caught it a sharp pull-back.
- - B/E (break-even) there was no good setup in the first place so didn't take any risks
- - B/E (break-even) there was no good setup in the first place so didn't take any risks
- 8:35AM entry @5.35 was anticipatory, a better one would've been a break of 5.4 (previous resistance). After entering at 5.35 went into a pullback that almost hit my stop, then when it finally started to pop up I sold too fast near VWAP booking a small profit of 18c (my thesis was that VWAP is an important level and we don't wanna risk it rejection), but because of that I missed a much larger move all the way to over $8
- 8:50AM chased, got stopped out on a pullback. Exiting a previous trade too early didn't do a good job on me so my FOMO was harder to fight this time and led to a bad entry. Stopped out.
- 9:01AM Good entry @5.91 anticipating a break of the previous high of 5.93. It does break and goes higher but I get scared when the next 1min candle dips to 6.02 (res/sup level) and sell right there on the spot booking some small profits. Another missed opportunity to book a few points.
- Good stop following is a plus,
- entering where there is no A class setups is a minus
- exit at VWAP can be argued about, I guess it was a safe spot to leave but in the future as this situation would call for more expertise to decide on the spot whether there are enough indications for an exit or for a continuation. Blindly closing a position because "it's a potentially dangerous spot" can only work at the beginning.
- scaring too easy and missing great moves as the result. Need to focus on improving reading market action while in the trade & not exiting when there are no clear signs of it
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-03 08:05:53 | IMMX | buy | $6.250 | long |
| 2022-01-03 08:07:14 | IMMX | sell | $6.440 | 0 |
| 2022-01-03 08:18:48 | IMMX | buy | $5.250 | long |
| 2022-01-03 08:20:56 | IMMX | sell | $5.250 | 0 |
| 2022-01-03 08:22:16 | IMMX | buy | $5.330 | long |
| 2022-01-03 08:26:23 | IMMX | sell | $5.330 | 0 |
| 2022-01-03 08:35:14 | IMMX | buy | $5.350 | long |
| 2022-01-03 08:40:26 | IMMX | sell | $5.530 | 0 |
| 2022-01-03 08:50:37 | IMMX | buy | $5.850 | long |
| 2022-01-03 08:54:19 | IMMX | sell | $5.750 | 0 |
| 2022-01-03 09:01:11 | IMMX | buy | $5.910 | long |
| 2022-01-03 09:02:18 | IMMX | sell | $6.090 | 0 |
| 2022-01-03 09:58:35 | IMMX | buy | $7.520 | long |
| 2022-01-03 10:01:21 | IMMX | sell | $7.660 | 0 |
| 2022-01-03 10:07:02 | IMMX | buy | $7.950 | long |
| 2022-01-03 10:11:28 | IMMX | sell | $7.350 | long |
| 2022-01-03 10:12:22 | IMMX | sell | $7.320 | 0 |
| 2022-01-03 10:14:25 | IMMX | buy | $7.440 | long |
| 2022-01-03 10:17:13 | IMMX | sell | $7.620 | 0 |
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