SE - GURL, VWAP bounce, short
Psychology: good sleep, got a morning walk in.
* Patient - watched DKS and SE at the open make a move. Didnt feel compelled to jump in.
GURL at VWAP - 73.25, 74.75, 78
* was looking at an anticipation GURL entry at $70 support but with the opening candle dropping below $69, I cancelled my order.
* took a starter position after VWAP was reclaimed and held. At this point, the selling pressure eased on the tape which gave me more confidence.
* added in as volume came in but didnt get to full size as it was moving too fast and I didnt want to give up my SL below VWAP.
* took profits at 74.50 which was the first consolidation then re-added when it was clear the selling volume was declining. Sold through the next push then re-added back to full size in anticipation of a $78 breakout tightening my SL to BE. I got really aggressive on the last add but at that point, I was swinging for a grandslam on a freebee (cost Ave was really low and if it did hit my SL, which it did, the ticker was heading down for a decent size retracement anyhow).
VWAP bounce - PT HOD
* was looking for an ABCD entry off the VWAP
* should have added as close to VWAP as possible which would have made this a homerun but instead added above my starter position.
Short
* jumped in short when the buying volume dried up from the VWAP bounce and sell orders filled the tape
* added a bit too aggressively on the way down which lowered my avecost below my desired SL.
* lost my patience and bailed on the trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-03-07 09:34:40 | SE | buy | $72.250 | long |
2023-03-07 09:36:42 | SE | buy | $73.770 | long |
2023-03-07 09:36:42 | SE | buy | $73.770 | long |
2023-03-07 09:37:59 | SE | sell | $74.310 | long |
2023-03-07 09:39:24 | SE | sell | $74.370 | long |
2023-03-07 09:45:09 | SE | buy | $74.680 | long |
2023-03-07 09:45:29 | SE | buy | $75.310 | long |
2023-03-07 09:45:29 | SE | buy | $75.310 | long |
2023-03-07 09:46:08 | SE | sell | $75.700 | long |
2023-03-07 09:46:08 | SE | sell | $75.700 | long |
2023-03-07 09:46:08 | SE | sell | $75.700 | long |
2023-03-07 09:47:52 | SE | buy | $76.790 | long |
2023-03-07 09:47:52 | SE | buy | $76.790 | long |
2023-03-07 09:47:52 | SE | buy | $76.790 | long |
2023-03-07 09:48:29 | SE | sell | $77.290 | long |
2023-03-07 09:48:30 | SE | sell | $77.290 | long |
2023-03-07 09:49:17 | SE | sell | $77.010 | long |
2023-03-07 09:49:17 | SE | sell | $76.980 | long |
2023-03-07 09:50:18 | SE | buy | $77.690 | long |
2023-03-07 09:50:52 | SE | buy | $77.630 | long |
2023-03-07 09:50:52 | SE | buy | $77.630 | long |
2023-03-07 09:50:52 | SE | buy | $77.630 | long |
2023-03-07 09:50:52 | SE | buy | $77.630 | long |
2023-03-07 09:50:52 | SE | buy | $77.630 | long |
2023-03-07 09:50:52 | SE | buy | $77.630 | long |
2023-03-07 09:51:32 | SE | sell | $76.890 | long |
2023-03-07 09:51:32 | SE | sell | $76.880 | long |
2023-03-07 09:51:32 | SE | sell | $76.880 | 0 |
2023-03-07 10:15:42 | SE | buy | $74.620 | long |
2023-03-07 10:27:07 | SE | buy | $74.420 | long |
2023-03-07 10:27:07 | SE | buy | $74.420 | long |
2023-03-07 10:27:07 | SE | buy | $74.420 | long |
2023-03-07 10:27:32 | SE | buy | $74.840 | long |
2023-03-07 10:27:32 | SE | buy | $74.840 | long |
2023-03-07 10:27:32 | SE | buy | $74.840 | long |
2023-03-07 10:29:31 | SE | buy | $75.260 | long |
2023-03-07 10:31:49 | SE | sell | $75.720 | long |
2023-03-07 10:31:49 | SE | sell | $75.720 | long |
2023-03-07 10:31:49 | SE | sell | $75.720 | long |
2023-03-07 10:33:16 | SE | sell | $76.090 | long |
2023-03-07 10:33:16 | SE | sell | $76.090 | long |
2023-03-07 10:33:16 | SE | sell | $76.090 | long |
2023-03-07 10:37:07 | SE | buy | $76.650 | long |
2023-03-07 10:40:46 | SE | sell | $76.320 | long |
2023-03-07 10:40:46 | SE | sell | $76.320 | long |
2023-03-07 10:40:46 | SE | sell | $76.320 | long |
2023-03-07 10:40:46 | SE | sell | $76.320 | long |
2023-03-07 10:40:46 | SE | sell | $76.320 | long |
2023-03-07 10:40:46 | SE | sell | $76.320 | long |
2023-03-07 10:40:46 | SE | sell | $76.320 | long |
2023-03-07 10:40:46 | SE | sell | $76.320 | long |
2023-03-07 10:40:46 | SE | sell | $76.320 | 0 |
2023-03-07 10:41:15 | SE | sell | $75.450 | short |
2023-03-07 10:41:45 | SE | sell | $75.070 | short |
2023-03-07 10:41:45 | SE | sell | $75.070 | short |
2023-03-07 10:41:45 | SE | sell | $75.070 | short |
2023-03-07 10:45:39 | SE | buy | $76.190 | short |
2023-03-07 10:45:39 | SE | buy | $76.180 | 0 |
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