Tags:
Strategy: Breakout/Fade off of momentum
Expectation: An aggressive move to lows off of the -1 standard deviation (VWAP)
Tape sped up, -56-60 and so on. My initial entry was meant to be at 128 but it didn't get that high so I only got filled on one. Tape continually sped up, eliminating buy imbalances and 0 auctions at the bottom of rotations. After a bearing close on the 525, I moved my stop down to just above the 525 candle. Hopped into this trade in front of a couple of sell imbalances on the tape after observing significant strength (delta flipped on footprint). During the trade I created a couple new affirmations 1. "Patience=profit", and repeatedly wrote down "Process/Profits".
I wasn't mentally the strongest during that trade but THAT DID NOT MATTER, my mindset must be focused in and around the idea that 1 outcome does not matter. The next 10 outcomes matter.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2022-03-30 14:39:57 | NQM2 | -1 | $15126.75 | -1 |
2022-03-30 14:41:21 | NQM2 | 1 | $15114.25 | 0 |
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