This was the right trade to make in this situation. After a consolidation where no one could have guessed where it could have gone the market went lower, made a double bottom and broke back above CVA high with little issue. I entered on a small pullback with 1.5 VWAP Deviation and a slow showing amongst sellers to support me. The only thing is, I moved my targets and stops too quickly. If I would have held my original target I would have made more. I need to work on working the simple plan first then expanding into larger targets later.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-05-25 11:09:16 | MNQM2 | buy | $11870.25 | long |
2022-05-25 11:13:06 | MNQM2 | sell | $11894.75 | long |
2022-05-25 11:16:32 | MNQM2 | sell | $11879.00 | 0 |
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