Shared by
boldandnuts
Stupid, stupid trade!
When FB dropped 133 again, I tried again after it rejected the 133.50 pivot that I ignored. I entered for a far worse price 50 cents below the pivot.
To make it worse, I stuck with the trade and did not take it off when the bid crossed back above 133. BAD CALL!!!
I did not manage this trade well.
Added below Pivots and in between levels before my potential resistance areas were tested.
When I had the chance to add at good prices, I hesitated as I was too worried about my size I had. Also not knowing whether it would stick, lacking confidence in my strategy.
Bad management! Bad trading!
My average price was still ok and above the upper third between VWAP and HoD. That was good. But as FB traded so strong and grinded higher I lost hope it would make a correction back to VWAP. It did eventually but it took forever!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-02 10:34:00 | FB | sell | $132.950 | short |
| 2019-01-02 10:57:00 | FB | sell | $134.330 | short |
| 2019-01-02 11:08:00 | FB | sell | $134.930 | short |
| 2019-01-02 11:13:00 | FB | sell | $135.511 | short |
| 2019-01-02 11:21:00 | FB | sell | $135.931 | short |
| 2019-01-02 11:31:00 | FB | sell | $135.640 | short |
| 2019-01-02 12:00:00 | FB | buy | $135.340 | short |
| 2019-01-02 12:02:00 | FB | buy | $135.190 | short |
| 2019-01-02 12:07:00 | FB | buy | $134.950 | short |
| 2019-01-02 12:08:00 | FB | buy | $134.960 | short |
| 2019-01-02 12:24:00 | FB | buy | $134.880 | 0 |
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