Shared by
dpaleo
Tags:
ETF
Fade
GREAT patience. Coulda offered small into premkt high $12.70 but Wheat Futures halted limit up and given how thin this ETF trading, was best not to. Didnt chase huge 1min reversal - GRAT PATIENCE. Rewarded when it bear trapped below vwap and V bounced to test high. Lower high provided good backside entry. Good add. This is how to execute stress free entry on a parabolic fade. Patience is always the answer. Now, given parabolic move on daily broke, have to be more patient covering and/or re-adding.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2022-03-04 10:03:07 | WEAT | -200 | $12.440 | -200 |
| 2022-03-04 10:03:07 | WEAT | -800 | $12.430 | -1000 |
| 2022-03-04 10:17:01 | WEAT | -500 | $12.190 | -1500 |
| 2022-03-04 10:22:14 | WEAT | 500 | $11.870 | -1000 |
| 2022-03-04 10:25:28 | WEAT | 200 | $11.780 | -800 |
| 2022-03-04 10:26:26 | WEAT | 300 | $11.720 | -500 |
| 2022-03-04 10:26:26 | WEAT | 200 | $11.660 | -300 |
| 2022-03-04 10:44:45 | WEAT | 100 | $11.520 | -200 |
| 2022-03-04 10:45:51 | WEAT | 100 | $11.410 | -100 |
| 2022-03-04 10:49:23 | WEAT | 100 | $11.460 | 0 |
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