Shared by
dpaleo
Tags:
got in the way of an absolute Day 3 beast. Signals weren't terrible but one of those names where momo just too strong.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2023-05-08 09:47:42 | SHOP | -100 | $63.355 | -100 |
| 2023-05-08 09:47:42 | SHOP | -100 | $63.350 | -200 |
| 2023-05-08 09:48:32 | SHOP | -200 | $63.220 | -400 |
| 2023-05-08 09:57:16 | SHOP | 200 | $63.570 | -200 |
| 2023-05-08 10:05:30 | SHOP | 200 | $63.800 | 0 |
| 2023-05-08 10:07:06 | SHOP | -87 | $63.630 | -87 |
| 2023-05-08 10:07:06 | SHOP | -100 | $63.645 | -187 |
| 2023-05-08 10:07:06 | SHOP | -313 | $63.640 | -500 |
| 2023-05-08 10:10:30 | SHOP | -100 | $63.630 | -600 |
| 2023-05-08 10:16:04 | SHOP | -100 | $63.430 | -700 |
| 2023-05-08 10:16:04 | SHOP | -50 | $63.420 | -750 |
| 2023-05-08 10:23:00 | SHOP | 715 | $64.090 | -35 |
| 2023-05-08 10:23:00 | SHOP | 35 | $64.100 | 0 |
| 2023-05-08 10:30:07 | SHOP | -750 | $63.730 | -750 |
| 2023-05-08 10:33:35 | SHOP | -150 | $63.800 | -900 |
| 2023-05-08 10:43:24 | SHOP | 314 | $64.380 | -586 |
| 2023-05-08 10:43:24 | SHOP | 586 | $64.390 | 0 |
Comments
dpaleo
Hi Rodrig,
Yea I typically stop trading a name after 3 attempts that dont work.
Each signal I deemed to be incrementally better than the previous. Also with each subsequent move higher the probability of getting some fade goes up so want to be sized a bit more. This is a great tweet that summarizes that concept well:
https://twitter.com/TheOneLanceB/status/1653478451121143811?s=20
Rodrig
Thanks for sharing.
I do follow Lance and the SMB guys on youtube but had not seen that tweet yet!
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Hi Dpaleo
As always thanks for posting...
Do you have any rule to stop trading a ticker after 3 (or more) attempts if trade does not work?
Also I noticed that you increased size after each attempt, were you getting signals that reversal could have been close?