Shared by
TheFrenchTrader
Following my previous trade there was another consolidation around 60.7, i enter when it broke out.
This time i was careful to take profit in 20% slice. After the first 2 PT there was a pull back that made me nervous as i still had 60 of the position and decided to de-risk and took another 20% off the table.
In hindsight, it would have been a great spot for a re-add to full size again.
At 62 the stock was already well extended and i noticed mounting selling pressure on the tape so i starting selling the remaining of the position keeping 10% in case of a break above 62. It became quickly clear this maybe the HOD so i closed the trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-03-21 09:56:06 | OXY | buy | $60.850 | long |
| 2022-03-21 09:58:29 | OXY | sell | $61.230 | long |
| 2022-03-21 09:59:16 | OXY | sell | $61.550 | long |
| 2022-03-21 10:05:31 | OXY | sell | $61.170 | long |
| 2022-03-21 10:06:50 | OXY | sell | $61.700 | long |
| 2022-03-21 10:09:22 | OXY | sell | $61.950 | long |
| 2022-03-21 10:14:09 | OXY | sell | $61.960 | long |
| 2022-03-21 10:14:15 | OXY | sell | $61.970 | 0 |
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