Shared by
praveen_BOWS
Oil stock which remounted the 20 ma on the daily after 6 red candles.It was on the radar and with Oil bullish as well,I was looking to long this on a r/g move.My impatience in not waiting for the perfect setup cost me.
First attempt - Thought it break the opening range but I got stopped out the very next candle.
Second attempt - Bad entry this,stock pulled back to the 9 ema but still below the 20 sma resistance. Should've waited until the stock popped the mas.
Should've waited until it popped the 9,20 sma and VWAP and presented a good oppurtunity later.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-03-29 09:44:54 | APC | buy | $44.890 | long |
| 2016-03-29 09:47:32 | APC | sell | $44.605 | 0 |
| 2016-03-29 10:12:42 | APC | buy | $45.010 | long |
| 2016-03-29 10:15:21 | APC | sell | $44.830 | 0 |
Comments
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chase chase chase.. ur chasing so high that u sell the supports ur chasing is making u reactive on all these trades
ur ideas are good just chasing is making u reactive vs proactive