Shared by
boldandnuts
This is a good example on how not to trade and what happens when you ignore your rules and your stop. When you mix up your strategies. This was a VWAP Play not a Bounce or Top Reversal.
My bias was long for the day and when FB traded below VWAP I anticipated the break and did not even wait for 134 to trade for a bid above that on support. I gambled!
Worse! I did not take my loss once 134 broke and when that decision candle for a short occured. Not even when we broke the lows.
I added too early not waiting for support to hit and proven right. I doubled down. This is not scaling in. It happens, but shouldn't!
May that be a reminder for the new year. To be focused and stay humble!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-12-31 09:34:00 | FB | buy | $134.108 | long |
| 2018-12-31 09:45:00 | FB | buy | $133.010 | long |
| 2018-12-31 09:48:00 | FB | buy | $132.830 | long |
| 2018-12-31 09:59:00 | FB | buy | $131.730 | long |
| 2018-12-31 10:23:00 | FB | buy | $131.399 | long |
| 2018-12-31 11:19:00 | FB | sell | $131.011 | long |
| 2018-12-31 11:47:00 | FB | sell | $131.160 | long |
| 2018-12-31 11:49:00 | FB | sell | $131.480 | long |
| 2018-12-31 11:54:00 | FB | sell | $131.610 | long |
| 2018-12-31 12:02:00 | FB | sell | $131.680 | long |
| 2018-12-31 12:06:00 | FB | sell | $131.611 | 0 |
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