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SchubyTrades
TRADE/SETUP/BIG PICTURE
FAILED FOLOW THRU MOMENTUM SHORTING REJECTION OF PREVIOUS DAY HOD
ENTRY/SIZING
GOOD ENTRY AFTER REJECTION WITH VOLUME, AND CONFIRMATION.
2ND ENTRY AT VWAP RECLAIM TEST WITH LOW SIZE JUST TO FEEL
EXIT
OK EXIT, STILL VERY EARLY IN THE DAY SO PREFERED COVERED PULL BACK
2ND EXIT WHEN IT STARTED TO CONSOLIDATE.
RISK MANAGEMENT
OK - ALL CHECK
PROCESS EXECUTION
OK TRADE, HARD TO SET A TIGHT STOP BECAUSE OF 10 DOLLAR MAGNET LEVEL, SO SET MORE WIGGLE ROOM. TRIED A SECOND ENTRY AT VWAP AND COVERED BECAUSE IM NOT VERY CONFORTABLE WITH NEW ENTRIES AFTER VWAP REJECTION.
WHAT I DID RIGHT - first entry , and stock detection
WHAT I CAN IMPROVE, SETTING TIGHER STOP. SCALE IN UNDER 9.5 WHEN STOCK CONFIMRS AND MOVE STOP TO HOD TO IMPROVE RR. COULD HAVE SET A VWAY TIGHTER STOP, AND WOULD HAVE MADE 3.1 TRADE BUT TIME OF DAY AND 10 MAGNETS LEVELS LOWERED MY CONFIDENCE.
TAGS : EDGE/SETUP/ENTRY/SIZING/EXIT/RISK MANAGEMENT/RIGHT-WRONG/PROCESS RESPECT/GRADE
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-11-07 09:36:00 | PTON | sell | $9.480 | short |
| 2022-11-07 09:44:00 | PTON | buy | $9.300 | short |
| 2022-11-07 09:46:00 | PTON | buy | $9.220 | short |
| 2022-11-07 09:47:00 | PTON | buy | $9.170 | 0 |
| 2022-11-07 10:06:00 | PTON | sell | $9.260 | short |
| 2022-11-07 10:34:00 | PTON | buy | $9.230 | 0 |
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