Set-up : eMA fade VWAP
Symbol Name: PANW
Side : Short
Size : 3
Entry : 257.09
Takes : 255.73 (Achieved)/ 254.82 (Achieved)/ 253.45(Not achieved) 251.60 (Not Achieved)
Exit : 258
P/R : 2:1
Comments: I wanted first to long TNDM but I din't like the price action, then I wanted to short MYL, but as well the price action was not my favorite. I had thus missed any ORB possible entry therefore I have focus my attention to the price fading or holding the VWAP. A beautiful PANW started to fade giving me enough confidence to enter the trade. I have used only 3 shares cause I didn't want in case to ruin all the results obtained this month. It has been a great trade the only thing I am disappointed is that once at target 3 I didn't want to close the entire position so I have tried soo many times to add just 1 share but the spread above 0.20$ didn't let me in. I have a max allowed spread set up in accordance with my broker to don't let me enter any position with a spread above 0.20$. I have then waited the price to fall but once back at target 1 I have decided to lock up a beautiful 2:1!!!!
Many steps are there for me to walk, the result achieved can boost my self esteem but doesn't have to lead in over-trading, fomo or excessive self appreciation. At this moment all this inner psychological affectation could pop up changing my perception of the reality. To be successful you need to have goals, problems, diagnose of the root causing your problem, define a way out of those problems perhaps being helped by people surrounding you and finally work on the final resolution on fixing those issues and get them fixed!
With no problems there's no growth!!
Eff: 55.8% gives points of reflection. In the end I left at first 2$ on the table, after that the price actually never retested my entry thus I can confirm to have left 3$ on the table!! When in a loss, do I leave anything on the table or I take it all?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-27 09:44:29 | PANW | sell | $257.090 | short |
2019-02-27 09:48:03 | PANW | buy | $255.470 | short |
2019-02-27 09:49:44 | PANW | buy | $254.160 | short |
2019-02-27 10:04:42 | PANW | buy | $255.480 | 0 |
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