Shared by
dpaleo
Tags:
no news. in on left side after seeing some capitulation volume but no bounce so stopped for loss. Gave 1st trade too much room. Stop out quicker to minimize loss to allow for more aggression on retrade. Great re-entry on first sign of buyer. 10:15 1min bar with volume was add signal i missed
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2023-05-16 09:54:59 | U | 200 | $28.230 | 200 |
| 2023-05-16 09:54:59 | U | 300 | $28.240 | 500 |
| 2023-05-16 09:59:19 | U | 72 | $28.105 | 572 |
| 2023-05-16 09:59:19 | U | 428 | $28.110 | 1000 |
| 2023-05-16 10:03:12 | U | -600 | $27.870 | 400 |
| 2023-05-16 10:08:03 | U | -400 | $27.790 | 0 |
| 2023-05-16 10:12:14 | U | 1000 | $27.670 | 1000 |
| 2023-05-16 10:18:37 | U | -200 | $27.920 | 800 |
| 2023-05-16 10:19:59 | U | -300 | $27.970 | 500 |
| 2023-05-16 10:27:23 | U | -100 | $28.040 | 400 |
| 2023-05-16 10:29:39 | U | -200 | $28.120 | 200 |
| 2023-05-16 10:34:44 | U | -100 | $28.180 | 100 |
| 2023-05-16 10:48:10 | U | -50 | $28.320 | 50 |
| 2023-05-16 10:50:01 | U | -28 | $28.260 | 22 |
| 2023-05-16 10:50:01 | U | -11 | $28.265 | 11 |
| 2023-05-16 10:50:01 | U | -11 | $28.250 | 0 |
Comments
dpaleo
Yup, this is one where I failed to do so. This is one that def fits the bill bc there was no news (altho that was a doubt while trading - kept looking around and saying with this price action there has to be news somewhere)
AndyBhanver3
Awesome, because I had seen this and the sizing you took and was curious on keeping same size and the thoughts behind it. Thanks, dpaleo, I'm curious on how often you are trading bottom pick reversions or fade reversions from your scanner or just your basket of stocks you watch daily? Are you usually trading something on your scanner, or a basket of names that you usually go through your watchlist?
Both but the majority of Fade and Bottom pick reversion trades some from a filter based on distance from an 8ema on a 5min chart
tradejetx
Hey man, no new posts? Everything good?
Hey! Took the month off. Got married and currently on honeymoon in Spain! Back in July. Hope mkt treating you well
tradejetx
My man! Congrats and have a great honeymoon!
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Thanks for posting Dpaleo - Thoughts on taking a more sizeable position as we extended even further lower for a larger retracement as the E.V was more favorable? - You had mentioned this on SHOP trade a few days ago -----> https://twitter.com/TheOneLanceB/status/1653478451121143811?s=20