On my first entry, I was a little early and went in with too big of size. That was my first mistake because I didn't calculate my risk before entering the trade. I got in and had to cut my size in half right after I got long. Luckily I just set my stop and this trade worked out partly. My first target was HOD and it got there and I sold 2/5 position. I wanted to sell another portion but missed my fill. This went all the way back down to my entry and I stopped out the rest for breakeven.
The next trade was on the 5 min chart. This was bouncing twice off the VWAP and holding so I was waiting for a bit of confirmation and volume to pour in to start a partial anticipating the breakout. That's what happened and this went right up to the breakout spot and started consolidating sideways (exactly what I look for before it pops). I added more as it went sideways with my stop being the low of the micro consolidation on the 1 min chart.
This popped pretty hard and I started taking profits early, but I needed to today because I started off red. It didn't go as high or as far as I was anticipating, but still got a decent gain out of it and I cannot complain.
I was proud for holding through the pullback to the breakout spot on the 1 min candle. I thought I was going to have to get out for a small loss, but it ended up holding and I got to move my stop up. Great trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-01 10:14:14 | WYNN | buy | $133.220 | long |
2017-06-01 10:14:20 | WYNN | sell | $133.220 | long |
2017-06-01 10:23:46 | WYNN | sell | $133.830 | long |
2017-06-01 10:28:11 | WYNN | sell | $133.310 | 0 |
2017-06-01 10:47:13 | WYNN | buy | $133.430 | long |
2017-06-01 10:57:17 | WYNN | buy | $133.840 | long |
2017-06-01 10:58:33 | WYNN | buy | $134.060 | long |
2017-06-01 10:59:14 | WYNN | buy | $134.280 | long |
2017-06-01 11:06:06 | WYNN | sell | $134.770 | long |
2017-06-01 11:07:44 | WYNN | sell | $134.910 | long |
2017-06-01 11:11:19 | WYNN | sell | $135.140 | long |
2017-06-01 11:15:58 | WYNN | sell | $134.590 | 0 |
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