Shared by
walden
First entry was beautiful. A period of consolidation. Stock tried to breakdown, but moved up immediately. Got in at 56.5, which is close to VWAP as well. Stock started to bounce and got out at 57.05, which was previous swing high. Then stock retreated and brought again at 56.95. Sell at swing high 57.11.
The final trade was a reversal setup, got it at 56.78 after small period of consolidation and breakout. Turned out to be a fake breakout. Added again when it broke through VWAP. Got out some of the position as swing high. But the stock kept moving down and a bit surprisng.
What I did Right: Period of consolidation for reversal trade.
What I did Wrong: The final trade the add when broke through VWAP was bad.
Where I could improve: First trade the position size was too small.
Trade grade: D.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-07-14 11:33:07 | OXY | buy | $56.540 | long |
| 2022-07-14 11:43:29 | OXY | sell | $57.050 | 0 |
| 2022-07-14 12:05:26 | OXY | buy | $56.950 | long |
| 2022-07-14 12:15:20 | OXY | sell | $57.110 | 0 |
| 2022-07-14 12:33:34 | OXY | buy | $56.780 | long |
| 2022-07-14 12:38:53 | OXY | buy | $56.520 | long |
| 2022-07-14 13:19:18 | OXY | sell | $56.593 | long |
| 2022-07-14 13:31:48 | OXY | buy | $56.239 | long |
| 2022-07-14 13:47:57 | OXY | sell | $56.422 | long |
| 2022-07-14 13:50:16 | OXY | sell | $56.490 | 0 |
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