Daily Setup:1-2-3 following breakout
Intraday Setup: Break of inside day high
Layers of Probability: IWM relative strength, volume
Entry: Break of inside day high
Stop: 5.20, the LOD once 8ema caught up
Targets: 5.60, .70, .80 1c increments
Thoughts/Thesis/Notes during the trade:
Went full size, but did not allow for stop below 8ema catchup point with appropriate risk.
Worked well, although did not follow through immediately, took an extra minute or two.
Sold 40% to cover risk (bit greedier and target further away due to nice daily).
8ema still not caught up to lows. Still going to place stop at lows after this momentum, should not be breaking lows. Sold in 10c increments and placed buyback orders after sells, only one add-back triggered and was able to sell those shares.
4.18 - Continued to follow add-back plan. Added back and sold those addbacks a couple of times., rangebound day but not enough to hit targets and add-backs multiple times. Still very good strategy.
4.26 Added back all day yesterday and stopped out today. Made good profit working the range.
Areas of Success: Great recognition of volume @ open, entry, placing orders out for targets and add-backs
Areas to Improve: Let me know...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-04-17 09:31:00 | LABU | buy | $5.420 | long |
2023-04-17 09:36:00 | LABU | sell | $5.600 | long |
2023-04-17 09:48:00 | LABU | buy | $5.580 | long |
2023-04-17 09:53:00 | LABU | sell | $5.700 | long |
2023-04-17 10:14:00 | LABU | sell | $5.800 | long |
2023-04-17 10:59:00 | LABU | sell | $5.900 | long |
2023-04-17 11:46:00 | LABU | buy | $5.800 | long |
2023-04-17 14:53:00 | LABU | sell | $5.900 | long |
2023-04-18 09:35:00 | LABU | buy | $5.800 | long |
2023-04-18 09:39:00 | LABU | buy | $5.700 | long |
2023-04-18 09:41:00 | LABU | sell | $5.800 | long |
2023-04-18 10:01:00 | LABU | buy | $5.700 | long |
2023-04-18 15:54:00 | LABU | sell | $5.800 | long |
2023-04-19 09:30:00 | LABU | buy | $5.650 | long |
2023-04-19 10:28:00 | LABU | sell | $5.800 | long |
2023-04-19 12:56:00 | LABU | sell | $5.900 | long |
2023-04-19 14:00:00 | LABU | sell | $6.000 | long |
2023-04-20 09:30:00 | LABU | buy | $5.830 | long |
2023-04-20 09:30:00 | LABU | buy | $5.800 | long |
2023-04-20 09:43:00 | LABU | buy | $5.700 | long |
2023-04-20 09:49:00 | LABU | sell | $5.800 | long |
2023-04-20 11:06:00 | LABU | buy | $5.700 | long |
2023-04-20 15:37:00 | LABU | buy | $5.600 | long |
2023-04-21 09:30:00 | LABU | sell | $5.700 | long |
2023-04-21 09:35:00 | LABU | sell | $5.800 | long |
2023-04-21 09:55:00 | LABU | buy | $5.700 | long |
2023-04-21 11:08:00 | LABU | sell | $5.800 | long |
2023-04-21 11:34:00 | LABU | sell | $5.900 | long |
2023-04-21 12:15:00 | LABU | sell | $6.000 | long |
2023-04-24 09:34:00 | LABU | buy | $5.900 | long |
2023-04-24 10:36:00 | LABU | buy | $5.800 | long |
2023-04-24 10:44:00 | LABU | buy | $5.700 | long |
2023-04-24 13:41:00 | LABU | sell | $5.800 | long |
2023-04-25 09:32:00 | LABU | sell | $5.900 | long |
2023-04-25 10:21:00 | LABU | buy | $5.800 | long |
2023-04-25 11:51:00 | LABU | buy | $5.700 | long |
2023-04-25 12:22:00 | LABU | buy | $5.600 | long |
2023-04-26 09:54:00 | LABU | sell | $5.380 | 0 |
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