Shared by
e__r__o__
Plan
Max for the day $250
Max Loss for the trade $150
Risk .17 cents
Entry 28.35
Stop Loss 28.18
Why I Longed
- Above vwap
- broke out of a critical line and held above
- spy and qqq were bullish
- Strong buying volume
- Moving averages below vwap
- Broke out of a triangle pattern
- Held above larger scale vwap
Why I sold
- Noticed the strong rejection from the candles due to the wicks
- I thought I saw a lot of selling pressure on the tape and lvl 2
- Getting a little tired lol
- tried not to get greedy
What I did right
- Good execution
- good pattern and level identification
- good risk management
- Good profit-taking skills
- good job on waiting for the confirmation on the hold n go
- good job on checking the volume
What I could have done better
- I definitely took profit too soon. I think I should have taken at least half a profit and rode the rest.
What I learned
- Have a plan on where it strategically makes sense to sell and take profit
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-08-12 10:03:00 | PLUG | buy | $28.250 | long |
| 2022-08-12 10:05:00 | PLUG | buy | $28.340 | long |
| 2022-08-12 10:08:00 | PLUG | buy | $28.400 | long |
| 2022-08-12 10:11:00 | PLUG | sell | $28.690 | long |
| 2022-08-12 10:23:00 | PLUG | sell | $28.900 | 0 |
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