Not sure whether trading like this is legit.
I was disciplined again and had the previous HoD of the open in mind to initiate a position. So I did. It was too early as NVDA spiked higher and then I hesitated to add below 292 as I wanted to wait for 292 to get hit.
I held onto it and did not stop out my 10 shares (ridiculous, I know) when we broke above 290.70s.
Instead I added to it 291.50s (too soon) and as NVDA broke below 292 (good!).
Then I took off 50% at the previous support at 290.50 as it broke back above. Somehow I missed to take off the rest when we hit VWAP, but I really wanted it to sell off. Mistake on my behalf.
After that and with 15 shares short I was really patient and watched or better stalked NVDA. The first add was the break of a 1m low. Fakeout. The next add as NVDA broke below 292.50. Which was good.
Again I did not take off a partial on lows and held onto it. I dont know why? My position felt too small I guess and I was FOMO?
NVDA then consolidated above 292 and I eyed a breakdown. Of course NVDA broke out to the upside and I kept watching it.
My last add was a little early. Moments too early and I added just above 292.50, but missed to add size as we broke 292.50! NVDA finally sold off nicely. Even though the position was small I managed it quite well with first profit at 291.
For improvement I should have played the range and VWAP reject, but did not want to give back profits and finish greenish.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-02 09:48:00 | NVDA | sell | $291.000 | short |
2018-10-02 09:59:00 | NVDA | sell | $291.470 | short |
2018-10-02 10:02:00 | NVDA | sell | $291.870 | short |
2018-10-02 10:05:00 | NVDA | buy | $290.560 | short |
2018-10-02 10:22:00 | NVDA | sell | $291.803 | short |
2018-10-02 10:27:00 | NVDA | sell | $292.450 | short |
2018-10-02 10:58:00 | NVDA | sell | $292.630 | short |
2018-10-02 11:01:00 | NVDA | buy | $291.120 | short |
2018-10-02 11:02:00 | NVDA | buy | $290.690 | short |
2018-10-02 11:02:00 | NVDA | buy | $290.356 | short |
2018-10-02 11:27:00 | NVDA | buy | $289.540 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!