Shared by
SchubyTrades
BIG PICTURE
CONTINUATION TYPE MOVE - SQUEEZE ACTION DAILY FROM $1.7 LEVEL
ENTRY/SIZING
ENTRY AT 2.2 AFTER BLOWOFF IN VOLUME AND WEAKNESS IN MOMENTUM
EXIT
COVERED ALL AT TARGET (VWAP)
RISK MANAGEMENT
CORRECT. BIG WIGGLE ROOM RISK AT 2.4 1/1 RR BUT OK FOR A SCALP.
PROCESS EXECUTION
GOOD EXECUTION, QUICK SCALP RESPECTING PROCESS OF SHORTING THE FRONTSIDE OF THE MOVE. FRONTSIDE SHORT = PROACTIVE COVER
DAILY PRICE ACTION HIGHLY SUGGESTED A CONTINUATION AND THUS THIS INTRADAY SCALP WITH VWAP COVER
TAGS : EDGE/SETUP/ENTRY/SIZING/EXIT/RISK MANAGEMENT/RIGHT-WRONG/PROCESS RESPECT/GRADE
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-10-17 10:23:10 | AVCT | sell | $2.180 | short |
| 2022-10-17 10:34:31 | AVCT | buy | $2.040 | 0 |
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