Pre Market
- Did not see this ticker on the premarket.
During Open
- When this trade showed up on the radar I forgot to check the news on it to see if it had a fundamental catalyst and reason to move.
- I saw noticeable respect for the VWAP as support and chose to buy close to the VWAP and set the target to $13.84, my entry was a $13.64 and $13.58 with respect for VWAP at the $13.57 level (3:1) But my entry put me more at a (2:1), since VWAP was a very strong support level, I could have waited for a larger pull back to the VWAP for a better entry price.
Reflection
- I had good indicators supporting the entry of this stock.
- Should have checked the news to be sure about the stock having a fundamental catalyst.
- Wasn't patient, should have waited for the trade to resolve and hit the target, which it did later in the day.
Good
- Good indicators and reason to get in.
- Appropriate scaling and share size.
- Good stop loss right under the VWAP incase.
Bad
- Could've been more patient and waited for the trade move up and down closer to better entry and closing prices since there was clear resistance and support.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-04-06 11:48:40 | DLO | buy | $13.640 | long |
2023-04-06 11:52:53 | DLO | buy | $13.580 | long |
2023-04-06 12:01:28 | DLO | sell | $13.650 | 0 |
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