Shared by
walden
First trade at 10:14 saw a long wick candle, so going long. Stock did move to VWAP and made a small profit. Second trade at 10:37 was very bad. I don't know what I was trading, a breakout to VWAP perhaps. Market was turning at that time so got bullish bias. Eventually was stopped out. Third trade I saw a long consolidation period and signs of breakout. Added to it when stock moved down. Eventually got stopped out.
What I did Right: 2nd and 3rd trade is a mess.
What I did Wrong: Hard to guess the bottom when stock is going down. Trading reversal breakout is hard and maybe need a bit more evidence.
Where I could improve: Avoid adding to losing position. Always ask whether it is double top or true breakout. When in doubt, always wait.
Trade grade: Fail.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-07-05 10:14:12 | OXY | buy | $58.244 | long |
| 2022-07-05 10:16:40 | OXY | sell | $58.440 | long |
| 2022-07-05 10:24:01 | OXY | sell | $58.270 | 0 |
| 2022-07-05 10:37:21 | OXY | buy | $58.260 | long |
| 2022-07-05 10:47:47 | OXY | sell | $57.769 | 0 |
| 2022-07-05 11:22:49 | OXY | buy | $57.420 | long |
| 2022-07-05 11:23:30 | OXY | buy | $57.292 | long |
| 2022-07-05 11:28:09 | OXY | sell | $56.973 | 0 |
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