This report covers all 3 trades...I bought without a solid set-up and more on impulse with the thought that after pulling back and consolidating it would go on to test the resistance level of the 200....then I had planned to short....I bought too late into the move and got stopped out..then x started to break down and once it broke support I entered a short however I did not get confirmation of a break to the downside VWAP....then it slowly reversed and I stopped out...then I did get solid confirmation of the crack of the VWAP....my mistake hers was that i did not go back far enough in the day to note there was looming support around $11.90'4 to $12.00 early in the trading day that supported X at 5 different times throughout the day and into the afternoon....shame on me..However i was pleased with my discipline to reduce position size after poor confirmation as well as strictly adhering to my STOPS..I was anxious to trade today as i have not traded all week due to travel and relocation as well as some tweaking to my trade style.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-03 14:50:00 | X | sell | $11.930 | short |
2016-03-03 15:18:00 | X | buy | $12.300 | 0 |
its way to low and u also need to recognize the mistakes quicker and cover up when u do one of these . its already 60 cents off its high of the day your idea is sound but its late
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man you screw up big time here, shorted low of the day in a big momentum name