Shared by
helltrader985
- 7:54 AM the first trade was a chase, the stock was way too far from the VWAP and has just moved sharply. On a good note my exit was ok - after it failed to make a new high I knew it was time to leave.
- 8:02AM not the best place to enter chart-wise. The stock just made a lower low before and had some chop at 8 (machine trading?), although it did try to pop back up it ultimately made another lower high and flushed. Good exit at break-even though, right in time before massive flush
- 8:06AM Bad trade, "fishing for the bottom" with no confirmation of a reversed trend yet. The thesis here was that it will likely bounce from VWAP but that's a moot point and far from A+ setup. Even though this trade made money it was still a bad one
- 8:15AM price started to make a higher high on the 5 min, but ultimately failed and retracted fast leaving a topping tail candle. Didn't exit, held for a massive pull-back. Bad trade
- 8:29AM entered on a break of the flat top of an ascending triangle consolidative formation. Good entry, although after a few previous episodes with flushes & failed breakouts should've probably been more cautious (or skipped trading this thing altogether). Resulted in yet another failed breakout and me holding through a pullback. Bad trade
- 9:03AM the lows of 7.4x were holding so I jumped in when it started to go up from the pull back. It didn't go too far up and I scalped some small quick profits.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-04 07:54:22 | IMMX | buy | $7.750 | long |
| 2022-01-04 07:57:50 | IMMX | sell | $7.770 | 0 |
| 2022-01-04 08:02:21 | IMMX | buy | $7.590 | long |
| 2022-01-04 08:04:38 | IMMX | sell | $7.590 | 0 |
| 2022-01-04 08:06:27 | IMMX | buy | $7.290 | long |
| 2022-01-04 08:07:06 | IMMX | sell | $7.370 | 0 |
| 2022-01-04 08:15:48 | IMMX | buy | $7.740 | long |
| 2022-01-04 08:28:00 | IMMX | sell | $7.510 | long |
| 2022-01-04 08:28:18 | IMMX | sell | $7.500 | 0 |
| 2022-01-04 08:29:31 | IMMX | buy | $7.540 | long |
| 2022-01-04 08:45:10 | IMMX | sell | $7.640 | 0 |
| 2022-01-04 09:03:31 | IMMX | buy | $7.500 | long |
| 2022-01-04 09:05:11 | IMMX | sell | $7.610 | 0 |
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