Trade Journal - BTB, Feb 6 (long)
Actualizado
Thesis
Closing price has not moved past the baseline - this trade should not have been entered. However, the CLAMP indicator is yellow (positive) which indicates a forming trend. Given, the volatility of this stock, it has the potential to move sharply up. This feels like it was entered as a calculated FOMO trade.
Discovery
BTB was on my watchlist after looking at the screener. At the time I was looking for stocks that moved +/- a certain amount on the week and month, and had high volatility.
Correlation
+: XLU, XAGUSD, VIX
-: RUBUSD, XLE, XOP
Based on the last year of trades, BTB was correlated with the above; I was happy with my entry signals and confirmed this correlation with the other tickers and saw they were all moving together or against eachother as expected.
Entry
+154 @ 1.92 (4.95 fee)
TP: -79 @ 2.82
SL: -154 @ 0.57
Closing price has not moved past the baseline - this trade should not have been entered. However, the CLAMP indicator is yellow (positive) which indicates a forming trend. Given, the volatility of this stock, it has the potential to move sharply up. This feels like it was entered as a calculated FOMO trade.
Discovery
BTB was on my watchlist after looking at the screener. At the time I was looking for stocks that moved +/- a certain amount on the week and month, and had high volatility.
Correlation
+: XLU, XAGUSD, VIX
-: RUBUSD, XLE, XOP
Based on the last year of trades, BTB was correlated with the above; I was happy with my entry signals and confirmed this correlation with the other tickers and saw they were all moving together or against eachother as expected.
Entry
+154 @ 1.92 (4.95 fee)
TP: -79 @ 2.82
SL: -154 @ 0.57
Operación activa
Today had a hard swing 18% to the upside, pretty good, happy to see it popping off like expected.We can't take profit yet. Our TP level is 2.82, which our system says we must reach. If were to take profits here, it would be the same as seeing it move 18% to the downside, losing faith, and exiting early at a loss. Win or lose, we follow the system.
Keep in mind this is a volatile stock with an ATR accounting for half it's ticker value
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