Shared by
dpaleo
Tags:
Cheapie
Fade
did everything wrong here. Impatient/too early with left side entry. Then got into add add add mode. Right side adds were chases down. The pullback to $2.75 was so controlled/calm with clear slowdown in volume - everything you want to see as a long. I saw it and was smart enough to cover 2500/7000 proactively on start of the bounce. But the defense should not have stopped there. Fine to let it test $3 but after that first wick off it, the stop for rest needs to be above $3 not at new high. Again, wasted PnL
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2022-07-29 11:04:24 | GOVX | -2000 | $2.730 | -2000 |
| 2022-07-29 11:09:17 | GOVX | -1000 | $2.830 | -3000 |
| 2022-07-29 11:11:39 | GOVX | -900 | $3.030 | -3900 |
| 2022-07-29 11:13:11 | GOVX | -100 | $3.070 | -4000 |
| 2022-07-29 11:16:18 | GOVX | -2000 | $2.950 | -6000 |
| 2022-07-29 11:26:54 | GOVX | -2000 | $2.870 | -8000 |
| 2022-07-29 11:28:04 | GOVX | 2000 | $2.930 | -6000 |
| 2022-07-29 11:31:32 | GOVX | -1000 | $2.880 | -7000 |
| 2022-07-29 11:33:06 | GOVX | -1000 | $2.840 | -8000 |
| 2022-07-29 11:33:52 | GOVX | -1000 | $2.870 | -9000 |
| 2022-07-29 11:37:57 | GOVX | 403 | $2.780 | -8597 |
| 2022-07-29 11:37:57 | GOVX | 97 | $2.775 | -8500 |
| 2022-07-29 11:53:19 | GOVX | 1500 | $2.840 | -7000 |
| 2022-07-29 12:20:52 | GOVX | 2500 | $2.870 | -4500 |
| 2022-07-29 12:53:47 | GOVX | 49 | $3.160 | -4451 |
| 2022-07-29 12:53:47 | GOVX | 4351 | $3.170 | -100 |
| 2022-07-29 12:53:47 | GOVX | 100 | $3.165 | 0 |
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