****PLAN
Max loss for day $125
trade max loss $100
no trades past 8
****REASON TO BUY
classic dip n dip, trapping short, reclaiming vwap w/ strong volume holds n goes w/ strong tape confirming, an QQQ and SPY as moving heavily to the up side confirming that this can continue with strength. reclaiming demnand zone ripping right thru it. massive engulfing cnadle forming a v bottom, resist bcms suppt off yesterdays pivot holding above 13 ema forming little flag showing continuation to the upside w/ size coming in on the tape
****REASON TO SELL
-look to sell on clear weakness of the tape, if a cetain price gets heavy an slows down
-3:1 ratio profit targets
- turn of QQQ or SPY
- BEARISH REVERSAL PATTERN
- rejction into supply zone/ strcuture or key levl
-weak volume
- brk below adjusted stop
- brk below levl which i am wrong
- or clear reversal of 13 erma
****THINGS I COULD HAVE DONE BETTER
- been more focused on tape into key areas
- added on FLAG off 13 ema
- should of noticed the rejection into supply zone from yesterdays game plan
- should of been maybe small size after taking first loss
- notice tweezer top
- should of had adjusted stop an levl to take full profits
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-05-02 09:41:58 | MARA | buy | $15.640 | long |
2022-05-02 09:42:04 | MARA | buy | $15.690 | long |
2022-05-02 09:48:49 | MARA | sell | $15.900 | long |
2022-05-02 09:54:34 | MARA | sell | $16.040 | long |
2022-05-02 09:55:48 | MARA | sell | $16.130 | long |
2022-05-02 09:57:10 | MARA | sell | $16.200 | long |
2022-05-02 09:59:27 | MARA | sell | $16.140 | long |
2022-05-02 10:00:12 | MARA | sell | $16.000 | 0 |
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