-$767 Loss
VLRXLong Stock
MikeyMoe

Atmpts: 1. bounce play, 2. & 3. consolidation b/o to test HOD. Momentum didn't come (time of day?). Nailed the thesis on the b/o's this am but missed the entry opportunities. Thought the 4 mark on this stock would be a good spot, but the momentum wasn't there. Taking time away to focus on price action and volume. Something just isn't clicking at the right time at this point and Im not going to erode my account with red days & fees.

2
000

DatePrice
Entry5/29/20193.9779
Exit5/29/20193.8245
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  • Position Size5,000
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doesburgh
doesburghMay 30, 19 3:46 PM

mate look98ing at this chart plenty of places to take profits early morning spike, 10-16 spike 11-00 spike afternoon fade Im not sure what you missed

MikeyMoe
MikeyMoeMay 30, 19 4:09 PM

I missed the spikes my first entry was 11:20 ish. Was gun shy out of the gate missed the initial pop and all subsequent. This thing exploded to the upside when it ripped--i think cuz of the wider spread, stops triggered on the way up with chasers driving the short term momentum. Didnt cut nearly quick enough on the first attempt. kept getting stuffed on 2 and 3.

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