Premarket
- Did not see this ticker on the premarket scanner, but it came up on the scanner intraday early morning.
During Open
- I saw a double bottom support at the support at $15.64, I set a stop loss right below that and entry price at $15.75 &.83 for a move back up to VWAP. (2.5:1) risk to reward. I got stopped out right away and the trade did NOT go back to VWAP.
**** Reflection****
- The price was already below VWAP, maybe a move to the upside would've been hard anyways.
The Good
- Reasonable support, stop loss and strategy.
- Did not try to jump back in.
The Bad
- Could have looked for a better profit to loss ratio (3:1 or higher).
- My entry point wasn't the best, it put my profit to loss ratio lower.
- Should've waited for a doji confirmation for the reversal THEN jumped in.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-04-06 09:52:10 | LEVI | buy | $15.830 | long |
2023-04-06 09:54:08 | LEVI | buy | $15.750 | long |
2023-04-06 09:54:42 | LEVI | sell | $15.610 | 0 |
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