Trade 1: VWAP (Loss)
Trade 2: VWAP (Loss) Lost on this, I was trading the consolidation candles and attempting to anticipate the break of VWAP to the upside.
Reflection
- Scaled in WAY TOO FAST and got stopped out, even got in for the second trade and decided to stop myself out again. The 5 min candle was showing the chop and consolidation. The only position size I should have had in this trade was the initial size until it claimed a side for the add or for the stop out.
- On consolidation level you should only have first entry position, add on the claim or get out on the loss of level
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-23 10:09:10 | META | buy | $248.430 | long |
2023-05-23 10:13:14 | META | buy | $248.610 | long |
2023-05-23 10:16:00 | META | sell | $247.700 | 0 |
2023-05-23 10:20:00 | META | buy | $248.410 | long |
2023-05-23 10:22:16 | META | sell | $247.840 | 0 |
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