Shared by
Boston
I made money on this stock yesterday because it was bouncing and I thought it could have a similar pattern today. Even if it was going to, my entries did not make any sense. When I got long the first time, I was chasing and the stock was over extended for the small pullback it had put in. I was buying at the top, and sold at the bottom.
I got in again when this was bouncing off the VWAP, and was anticipating a flat top breakout. The only problem was, I was getting long just guessing and hoping. I didn't let the stock play out first and wait for a proper entry point. Both of the entries on this stock were horrible.
The only thing I am proud of myself for doing on this stock was walking away once I had my second loss. It wasn't worth it and I knew if I kept trading it, I would just lose more money.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-06-20 09:40:18 | NVDA | buy | $160.960 | long |
| 2017-06-20 09:41:13 | NVDA | buy | $161.250 | long |
| 2017-06-20 09:43:54 | NVDA | sell | $160.300 | 0 |
| 2017-06-20 09:46:03 | NVDA | buy | $160.650 | long |
| 2017-06-20 09:51:13 | NVDA | buy | $161.170 | long |
| 2017-06-20 09:52:19 | NVDA | sell | $160.690 | 0 |
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