ZIVO Trade on Sep 20, 2021 11:07 from efernandes: Tradervue User Stock Trades.

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Shared by:
efernandes

 

PM runner on high volume.
When it looked like it cracked and recovered multiple time, I thouhgt it would squeeze.
I kept getting stopped out and recovering so I would buy again.
Ended up failing and fading the rest of the day.


Execution detail:

Date/time Symbol Side Price Position
2021-09-20 11:07:00 ZIVO buy $7.579 long
2021-09-20 11:08:00 ZIVO sell $7.370 0
2021-09-20 11:14:00 ZIVO buy $7.390 long
2021-09-20 11:19:00 ZIVO sell $7.140 0
2021-09-20 11:24:00 ZIVO buy $7.341 long
2021-09-20 11:36:00 ZIVO sell $7.100 0
2021-09-20 11:37:00 ZIVO buy $7.395 long
2021-09-20 12:14:00 ZIVO sell $7.230 0

Comments

Gravatar BenLbTrading
September 21, 2021

On the two minute chart you kept getting stopped out on bottoming tail candles which indicates to me that you're stops were an arbitrary number of cents rather than based on a particular level. Were you buying for breakouts? Not seeing a rationale to your buying either.

Gravatar efernandes
September 21, 2021

Yes, instead of using a better support level in the 6.5-6.6 area, I was anticipating it to breakout of the range so was using the mini support from few mins. That is why I kept getting stopped out on the wicks.

My 1st buy was when it broke the downward trend from PM and morning highs. After that I was biased that this has to breakout so whenever it would recover, I would get annoyed and buy again. Again, I was using a bad stop level so I would get stopped out.

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