Thesis: Premarket resistance continued to be in play throughout the open and price discovery mode. I have waited for the volume to get to the minimum and attempt to enter on the VWAP breakdown.
Stop: Placed my stop-loss above the breakdown candle and then adjusted within 2m after entry.
Entry: I have entered position when breakdown bar closed below the WVAP.
Targets: I'd like to see 1to3 initially with trialing stop loss.
Breakeven point: was set after 2m.
Profit taking: -----
Comments: There is a lot to learn from this trade.
Lessons: stop at breakeven within 5m minimum. Hold more and don't expect profit based on RR ratio. Be bigger.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-21 10:17:02 | DKS | sell | $130.330 | short |
2023-11-21 10:17:03 | DKS | sell | $130.330 | short |
2023-11-21 10:19:35 | DKS | buy | $130.410 | 0 |
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