Trade a mid-day reversal. Saw a double bottom formed. So entered at the top of the W-shape. Since it is middle of the day my position size is small. Got a quick 61 cents scalp.
What I did Right: Be patient and waited for the double bottom to form before entering.
Where I could improve: My size is a bit too small. I took profit just before VWAP as I expected there may be a pull back so end up leaving money on the table.
Trade grade: B. Not a bad trade for mid-day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-11 13:57:21 | NVDA | buy | $284.680 | long |
2023-05-11 13:59:14 | NVDA | sell | $285.190 | 0 |
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