Saw the long down wick at around 2:00pm US trading time. So got in at for trend reversal. Set stop loss at 57.01. Added to position on the way down. Almost got stopped out. Eventually the stock moved in my favor and scale out. The stock eventually went much after two re-test.
What I did Right: Big long wick as a signal of near term reversal. Got in with a higher size. Scale out.
What I did Wrong: First entry level is so so. Final exit is a bit impatient as I am tired.
Where I could improve: Buying when breakout is happening at 57.2 is a bit easier.
Trade grade: C
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-05 14:03:31 | OXY | buy | $57.260 | long |
2022-07-05 14:05:48 | OXY | buy | $57.170 | long |
2022-07-05 14:08:00 | OXY | sell | $57.300 | long |
2022-07-05 14:09:38 | OXY | sell | $57.420 | long |
2022-07-05 14:10:43 | OXY | sell | $57.480 | long |
2022-07-05 14:11:39 | OXY | sell | $57.470 | 0 |
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