Crazy strong trader today. There was a big buyer picking up all he could controlling the Bids. I noticed that after I was short and started to pile in to average down. really bad behaviour. I stopped it once I noticed how strong it is and wanted to wait until the buyer is finished. That took a looong time though.
It was not until above 147 when it finally looked like there is no way the stock would move much higher. Every attempt higher was sold down to where the candle opened forming many one minute candles with higher opens and long upper wicks. I started to add size to my trade here, but was still not happy with my average at 146.50.
Once the buyer was finished, FB dropped like a hot stone straight to my entry. Here I took most of it off. It looked like the buyer stepped back in, but didn't. Bummer I was faked out off my trade already.
Ignored my target above 146 to exit at worse prices above. Bad Trading... Called it a day after. Overtraded today. Had no right to keep trading or adding back to this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-12 10:53:00 | FB | sell | $145.580 | short |
2018-12-12 11:19:00 | FB | sell | $146.150 | short |
2018-12-12 11:40:00 | FB | sell | $146.480 | short |
2018-12-12 11:55:00 | FB | sell | $146.950 | short |
2018-12-12 11:58:00 | FB | sell | $146.940 | short |
2018-12-12 12:08:00 | FB | buy | $146.570 | short |
2018-12-12 12:12:00 | FB | buy | $146.480 | short |
2018-12-12 12:23:00 | FB | buy | $146.269 | short |
2018-12-12 12:26:00 | FB | buy | $146.229 | 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!