This is actually a huge disappointment. Not because its a loss but because I had an almost 20% win on this trade and I didn't take any off because I was greedy. This did exactly what I wanted, it ran to 1.68 from my entry. When it tested VWAP though it rejected hard. I should have taken it off when it rejected VWAP but with other tickers running I tried to be patient. The really issue with the trade is that my size was soo small I didn't appreciate the % gain.
I was looking for a pop to .011 off this recross of .01 like it did a few hours earlier. It didn't really take off and there was some big selling that went through without movement so I decided to exit safely. It did end up breaking out though by EOD so I was on the right track and reading the action correctly. HOD ended up being .0115 off this entry.
Overall one of my best trades in a long long time. I got the setup I wanted after waiting 2 days for it to setup this way. My regret is not taking 3x the size of my position or even more. First time it crossed VWAP, first r/g move, led to FGD. My goal was to sell near .008 the next day but when this climbed to .007 I couldnt help but take a 40% win.
Weird that it put these 2 trades together. One was PM entry at .555 exit at .5709 on 200 shares. Second trade entry 1.40 on the higher lows sold at 1.389 with 100 shares. The PM play was best it was off a big drop right at the key .55 support level. When I see this kind of action I just need to be willing to pull the trigger.
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