Tags:
Really bad read/ poor management on my end. This was another mean reversion trade, no news ticker with a pretty big order flow, I was using the 1 min chart and the tape to guide my execs and got short on the break of 1.62 anticipating the break of 1.6. I think that a lower high was to be expected, my avg was fine at 1.615 but because I took so many losses earlier, I was just not willing to take a bad trade and as a result I puked for loss at 1.62 ish. I repeated the same mistake 3 times and ended up down 666 bucks. Pathetic trading. the right way to trade this ticker was to get involve at 1.62 like I did, use 1.63-1.63 as a stop and add on the way down as we are making lower highs trailing my stop. Learn from the mistake and don't to it again...
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-06-21 12:06:11 | GSAT | -15000 | $1.621 | -15000 |
2021-06-21 12:07:00 | GSAT | -15000 | $1.611 | -30000 |
2021-06-21 12:09:45 | GSAT | 30000 | $1.620 | 0 |
2021-06-21 12:10:52 | GSAT | -30000 | $1.600 | -30000 |
2021-06-21 12:11:52 | GSAT | 30000 | $1.610 | 0 |
2021-06-21 12:17:01 | GSAT | -21360 | $1.590 | -21360 |
2021-06-21 12:17:01 | GSAT | -8640 | $1.590 | -30000 |
2021-06-21 12:18:17 | GSAT | 30000 | $1.600 | 0 |
2021-06-21 12:19:52 | GSAT | -20000 | $1.590 | -20000 |
2021-06-21 12:24:52 | GSAT | 100 | $1.585 | -19900 |
2021-06-21 12:24:52 | GSAT | 300 | $1.585 | -19600 |
2021-06-21 12:24:52 | GSAT | 200 | $1.585 | -19400 |
2021-06-21 12:24:52 | GSAT | 200 | $1.585 | -19200 |
2021-06-21 12:24:52 | GSAT | 100 | $1.585 | -19100 |
2021-06-21 12:24:52 | GSAT | 100 | $1.585 | -19000 |
2021-06-21 12:24:52 | GSAT | 19000 | $1.588 | 0 |
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!