Shared by
HK_BOWS
3 Trades total.
Why I took a trade: Pullback to support buy. Thinking 9 break and run
Why exit: Rejected 9 and under VWAP-exit half while still up. Second half hit my stop @ original entry price.
Hindsight thoughts: Looks extended + there were high resistance levels. Should’ve been mindful of pullback on daily.Why I took a trade: Support Buy expecting MA hold+ flag.
Why exit: VWAP reject again. Didn’t like how it was acting. Second half hit my adjusted stop at original entry price. Hindsight thoughts: Should have recognized momentum switch. Profit taking from previous days coming in and everyone selling/shorting. Failed to mount VWAP.Why I took a trade: Thinking this has to do 1-2-3 and reverse + good support level.
Why exit: At this point I definitely knew I was trying to catch falling knife. Cut trade while still up.
Hindsight thoughts: Absolute stubbornness.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-04-20 09:35:00 | CARA | buy | $8.580 | long |
| 2016-04-20 09:37:00 | CARA | sell | $8.720 | long |
| 2016-04-20 09:40:00 | CARA | sell | $8.570 | 0 |
| 2016-04-20 09:53:00 | CARA | buy | $8.510 | long |
| 2016-04-20 09:55:00 | CARA | sell | $8.730 | long |
| 2016-04-20 10:02:00 | CARA | sell | $8.520 | 0 |
| 2016-04-20 10:24:00 | CARA | buy | $8.260 | long |
| 2016-04-20 10:28:00 | CARA | sell | $8.360 | 0 |
Comments
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Yes, I think you mentioned it, but CARA gapped right up into daily resistance http://screencast.com/t/qxQrpa63bsZk but somehow, you took the opposite side and still made a little bit of money. :)
Really like your format of stating clearly why you entered, why you exited, and what could have been better. Well done! Suggest you use tags that indicate setup and exit reasons. But, if you'll never get the gold version it won't really help.