OXY very difficult to trade on 18 July. I tried to buy VWAP buyout at 61. Eventually it was a double top instead and I cut loss at 60.8. Then I saw a bottom and a U shape formed so re-enter at 60.528 and double the size. But it was a bumpy swing high and I got shaken out. Bad trade.
What I did Right: Half my normal size on VWAP breakout as I know this is not a high probability setup. But losing money, despite a small one, still hurts my confidence.
What I did Wrong: The final trade exit was impatient as OXY moving very slowly and it was not trending.
Where I could improve: Hindsight. OXT gap up above 60 tends to trade down. I should do a double top short. Be more patient for 2nd trade.
Trade grade: Fail.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-18 10:44:25 | OXY | buy | $61.020 | long |
2022-07-18 10:52:46 | OXY | sell | $60.800 | 0 |
2022-07-18 11:14:32 | OXY | buy | $60.528 | long |
2022-07-18 11:22:24 | OXY | sell | $60.585 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!