Shared by
MarcoG
FDC first traded below VWAP for a fade but unfortunately didn't reach target but today I have decided to break even cause I guess there is no point to let it go against me. I know I would miss opportunities but I also know I am able to spot better entries where the price will basically never retest the entry point and this stock has a ATR of 0.89, a low range stock..
After a while when FDC reached the 100 MA I have decided to go long but did the mistake to set stop price once first target was achieved above entry price. I was seeing too many sellers on level 2 and this changed my plan. This mistake cost me ruining the trade. So next time I will set a break even stop as I did for the short position. The first take when short it's a mistake setting up the profit order.
First trade stop at 0.20$ per share (I guess too wide for such ATR stock)
Second trade stop at 20.82$ with 0.7$ per share
Average of -1.35$ risk
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-16 09:41:51 | FDC | sell | $20.440 | short |
| 2019-01-16 09:45:15 | FDC | buy | $20.410 | short |
| 2019-01-16 09:51:05 | FDC | buy | $20.420 | short |
| 2019-01-16 09:51:15 | FDC | buy | $20.410 | short |
| 2019-01-16 09:51:31 | FDC | buy | $20.545 | 0 |
Leave a comment about this trade!
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!