Shared by
dpaleo
Tags:
its always a double top with COIN. Knowing this is a nice edge I can be aggressive with
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2023-03-15 10:18:58 | COIN | -8 | $65.260 | -8 |
| 2023-03-15 10:18:58 | COIN | -342 | $65.230 | -350 |
| 2023-03-15 10:18:58 | COIN | -100 | $65.230 | -450 |
| 2023-03-15 10:20:28 | COIN | 100 | $65.790 | -350 |
| 2023-03-15 10:20:28 | COIN | 100 | $65.800 | -250 |
| 2023-03-15 10:20:28 | COIN | 100 | $65.800 | -150 |
| 2023-03-15 10:20:28 | COIN | 100 | $65.800 | -50 |
| 2023-03-15 10:20:28 | COIN | 50 | $65.800 | 0 |
| 2023-03-15 10:22:03 | COIN | -35 | $66.030 | -35 |
| 2023-03-15 10:22:03 | COIN | -50 | $66.020 | -85 |
| 2023-03-15 10:22:03 | COIN | -115 | $66.020 | -200 |
| 2023-03-15 10:26:07 | COIN | -100 | $65.430 | -300 |
| 2023-03-15 10:34:46 | COIN | 86 | $64.265 | -214 |
| 2023-03-15 10:34:46 | COIN | 14 | $64.280 | -200 |
| 2023-03-15 10:38:57 | COIN | -100 | $64.170 | -300 |
| 2023-03-15 10:38:57 | COIN | -50 | $64.165 | -350 |
| 2023-03-15 10:38:57 | COIN | -50 | $64.165 | -400 |
| 2023-03-15 10:40:27 | COIN | 50 | $63.670 | -350 |
| 2023-03-15 10:40:58 | COIN | 100 | $63.420 | -250 |
| 2023-03-15 10:42:02 | COIN | 48 | $63.250 | -202 |
| 2023-03-15 10:42:02 | COIN | 2 | $63.250 | -200 |
| 2023-03-15 10:42:10 | COIN | 50 | $63.070 | -150 |
| 2023-03-15 10:43:41 | COIN | 50 | $62.700 | -100 |
| 2023-03-15 10:51:59 | COIN | -100 | $62.800 | -200 |
| 2023-03-15 10:51:59 | COIN | -100 | $62.780 | -300 |
| 2023-03-15 10:51:59 | COIN | -100 | $62.780 | -400 |
| 2023-03-15 10:52:27 | COIN | 300 | $63.130 | -100 |
| 2023-03-15 10:52:27 | COIN | 100 | $63.130 | 0 |
Comments
dpaleo
Thanks Andy. So thankful we have a great trading mkt once again. Your thots are exactly right. We got an attempted vwap bounce but it was immediately met with resistance at $65 (kinda wish I offered small into that). But once it went right thru vwap, yea the momentum was on wanted to add back some.
I absolutely did think about offering into vwap but decided against it and to look for a possible failed remount. Basically let it show me the fail. And then we got a bullish headline and mkt ripped so it ended up being a good decision
AndyBhanver3
Perfect breakdown dpaleo! How would you differentiate between choosing when to get involved at vwap opposed to waiting for a remount - In my opinion, if a stock is showing clear strength or weakness, then I would be more inclined to utilize vwap, and maybe when I am more intuitively unsure, I would wait for a vwap remount, but how would you decide? (if its intuition, than I can understand that answer) - and thank you dpaleo
Leave a comment about this trade!
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!
Nice trading day Dpaleo!, I had COIN up on one of my charts as well and was watching it, I'm curious on what your thoughts were for adding once we started to roll through VWAP, I'm thinking this was more of a momentum add into the weakness here looking for clear follow through as we now break through VWAP for the first time, but let me know what your thoughts were for that add and most importantly, did you have any thoughts after the bounce at 62.5 to get short again at retest at VWAP at $64?