My first trade was because this stock had pulled back to VWAP and MAs nice and slowly on the 5 min chart. I got long when a new 5 min candle broke the high of the last 5 min candle and that's where the bulk of the profits came from.
My second entry was rushed because I thought it was popping, but the setup was under developed. I got in small and lost on the trade giving back a small amount of gains.
I was also early on the 3rd entry but luckily my stop wasn't hit and I added when I had a little bit of confirmation that this was going to work. I didn't want to risk my whole days gain, so I was only risking about half of a full position even though this was an AWESOME setup. Since I'm so used to trading the 1 min charts now, it's hard to hold for the 5 min candles. I was also watching my PNL too closely and not trading the setup. Because of this, I got out waaaaay too early in hindsight. My exits were way too close to each other too and I needed to let this ride. There was no resistance anywhere ahead and this had all the characteristics to run...
2/3 on this stock.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-05-16 10:01:28 | WB | buy | $72.970 | long |
2017-05-16 10:01:37 | WB | buy | $73.090 | long |
2017-05-16 10:14:06 | WB | sell | $74.420 | long |
2017-05-16 10:19:50 | WB | sell | $74.240 | long |
2017-05-16 10:19:55 | WB | sell | $73.870 | 0 |
2017-05-16 10:25:53 | WB | buy | $74.300 | long |
2017-05-16 10:28:55 | WB | sell | $73.620 | 0 |
2017-05-16 10:33:50 | WB | buy | $73.910 | long |
2017-05-16 10:40:36 | WB | buy | $73.820 | long |
2017-05-16 10:40:48 | WB | buy | $73.920 | long |
2017-05-16 10:45:44 | WB | sell | $74.780 | long |
2017-05-16 10:48:10 | WB | sell | $74.960 | long |
2017-05-16 10:50:39 | WB | sell | $75.040 | long |
2017-05-16 10:51:12 | WB | sell | $75.270 | long |
2017-05-16 10:52:09 | WB | sell | $75.340 | long |
2017-05-16 10:52:34 | WB | sell | $75.340 | 0 |
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