This was my main trade on 2 Aug. Tried the fallen angel strategy this time. PYPL was super strong after result. Before market open it traded below VWAP. Got in a small position pre-market. After market it swing down and I started to build up a big position. It did swing back up, but it took so long and so slow. I would have been much better off if I use this strategy on SOFI instead. Waste of my time.
What I did Right: I got a belief such strong pre-market it should not trade below VWAP at least initially. Overall market was also strong.
What I did Wrong: Entry was not good. Position size is bigger than I hope.
Where I could improve: Better entry. Patience. It did went when I exit at 101.
Trade grade: Grade E. Made some small money for a large position. 20 shares of TSLA can lost me 1/3 of that. Shit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-08-03 09:25:00 | PYPL | buy | $101.200 | long |
2022-08-03 09:30:23 | PYPL | buy | $101.585 | long |
2022-08-03 09:31:12 | PYPL | buy | $101.040 | long |
2022-08-03 09:31:19 | PYPL | buy | $100.850 | long |
2022-08-03 09:31:48 | PYPL | buy | $101.160 | long |
2022-08-03 09:31:49 | PYPL | buy | $100.890 | long |
2022-08-03 09:32:08 | PYPL | buy | $100.680 | long |
2022-08-03 09:32:58 | PYPL | buy | $100.540 | long |
2022-08-03 09:35:06 | PYPL | buy | $100.290 | long |
2022-08-03 09:37:51 | PYPL | buy | $100.070 | long |
2022-08-03 09:42:28 | PYPL | buy | $100.330 | long |
2022-08-03 09:47:16 | PYPL | sell | $100.560 | long |
2022-08-03 09:47:29 | PYPL | sell | $100.910 | long |
2022-08-03 09:49:13 | PYPL | sell | $100.950 | long |
2022-08-03 09:50:10 | PYPL | sell | $101.050 | long |
2022-08-03 09:50:22 | PYPL | sell | $101.160 | long |
2022-08-03 09:51:22 | PYPL | sell | $100.930 | long |
2022-08-03 09:52:47 | PYPL | sell | $101.000 | long |
2022-08-03 09:54:19 | PYPL | sell | $100.995 | long |
2022-08-03 09:55:32 | PYPL | sell | $100.930 | long |
2022-08-03 09:56:19 | PYPL | sell | $101.090 | long |
2022-08-03 09:56:32 | PYPL | sell | $100.950 | 0 |
2022-08-03 10:05:47 | PYPL | buy | $100.980 | long |
2022-08-03 10:06:23 | PYPL | sell | $101.130 | long |
2022-08-03 10:08:03 | PYPL | sell | $101.440 | 0 |
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