Shared by
e__r__o__
Plan
Max for the day $250
Max Loss for the trade $80
Why I Longed
- Small triangle pattern
- double bottom
- qqq was going up
- engulfing green candle
- Hit the previous support area
Why I Sold
- Hit vwap
- Showed it didn't like the price with a gravestone Doji
- Showed potential reversal to the donwtrend
What I did right
- risk management was on point
- the trade itself was well executed
- Good confirmation buy
What I could have done better
- I should have held a small portion after taking my profit for a potential bigger move
What I learned
- A lot of times after huge moves to the upside and huge moves to the downside a lot of times the double top and double bottoms indicate reversal patterns
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-05-25 09:54:00 | PLUG | buy | $15.110 | long |
| 2022-05-25 09:55:00 | PLUG | buy | $15.160 | long |
| 2022-05-25 10:00:00 | PLUG | sell | $15.280 | long |
| 2022-05-25 10:04:00 | PLUG | sell | $15.320 | 0 |
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