SPY Trade on Jun 27, 2022 09:39 from walden: Tradervue User Stock Trades.

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walden

The set-up: Bullish reversal. I expected SPY to get back to VWAP on the rebound.

What I did Right: Saw confirming candles on the reversal before getting in.

What I did Wrong: Got in at the peak. Did not wait for current candle to close. Stop loss should be tighter at around 388.6, which can help to minimize the loss. Got stopped out at close to day low.

Where I could improve: Set better stop loss. Hard to guess bottom in opening 15 mins.

Trade grade: Fail

Execution detail:

Date/time	Symbol	Side	Price	Position
2022-06-27 09:39:52	SPY	buy	$389.500	long
2022-06-27 09:46:59	SPY	sell	$388.060	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SPY&trade=44103927&end=20220627104459&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)&study2=ema(20)');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SPY&trade=44103927&end=20220627200000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(9)&study2=vwap(none)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SPY&trade=44103927&end=20220627101459&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)');}

Comments

lilkee

2022-06-29 19:02:50

If you had a "1 standard deviation" engaged on your vwap, you would have went short here.. spy hugged that 1std dev. very well allday.. dont get me wrong, i pussied out going short, but i did nail the bottom paper trading ( which i was very surprised with) the bottom i picked because it was bouncing off the 2 or 3 day vwap.. cant remember which one, but yea.. i was a major vwap from previous days, which i found was a decent suppot.. it worked out, but it is something to learn from

SPY Trade on Jun 27, 2022 09:39 from walden: Tradervue User Stock Trades.

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