Shared by
SchubyTrades
SETUP/BIG PICTURE
gap up parabolic short setup. daily resistance 18$
ENTRY/SIZING
took starter early (1/3), after first rip just in case. and added to reach full risk when i saw 17.8 momo exhaustion move.
EXIT
progressive cover 1/5 1/5 1/5 and 2/5 at last flush 17.4 area
RISK MANAGEMENT
ok, set at 18.2 and lowered to 17.8 to have a risk free trade when vwap reclaim failed.
PROCESS EXECUTION
ok execution. held the winner a little bit more than usual.
WHAT CAN I IMPROVE could have addED to the winner even more because the 17.85 rejection right after rip was a strong short signal.
TAGS : EDGE/SETUP/ENTRY/SIZING/EXIT/RISK MANAGEMENT/RIGHT-WRONG/PROCESS RESPECT/GRADE
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-10-24 09:38:00 | T | sell | $17.670 | short |
| 2022-10-24 09:53:12 | T | sell | $17.820 | short |
| 2022-10-24 09:59:00 | T | sell | $17.760 | short |
| 2022-10-24 10:06:00 | T | buy | $17.640 | short |
| 2022-10-24 10:21:00 | T | buy | $17.590 | short |
| 2022-10-24 10:37:00 | T | buy | $17.480 | short |
| 2022-10-24 10:47:00 | T | buy | $17.420 | 0 |
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