AMD Trade on Jun 10, 2019 09:37 from MarcoG: Tradervue User Stock Trades.

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MarcoG

 

Trade Scenario

Microsoft Corp. announces that its next-generation Xbox gaming console will use AMD chips.
Solid Catalyst

Trade Variables

Symbol : AMD
Gap : 35
RVOL : 1.3
pmVOL : >500K
avg Vol: 880K
Float: 1B
Short Float: 10%
pmPATTERN : 2 Bull Flags with 1 bad print. Drop below the second pennant just prior open and opening below VWAP
Catalyst : News

Technical Levels

Support: 33.10 32.50
Resistance: 34
Inflection: 33sh

Trade Plan

Set-up : Uptrend Continuation above pm high if price consolidates or 5min ORB for the break of pm high. Short 5min ORB below 33.70

Size : 320
Entry : Long @34 / Short @33.70
Takes : 1.5 / 2.5 / 4 / 6 pnl
Exit : -0.20$

Comments:

The stock rejected opening price slowly fading to pm level of support. I have shorted it below 33.45! I liked the entry but could have been slightly anticipated.
Few cents to my first take the stock reversed at my opening price, reason why I have decided to close it break even.
First day risking around 80$ per trade, my hearth was at 2000 pulse per minute hahahaah
Happy about the overall trade management and mentality!

14/08/19
I have entered too late, 18 cents too late!


Execution detail:

Date/time Symbol Side Price Position
2019-06-10 09:37:37 AMD sell $33.420 short
2019-06-10 09:37:37 AMD sell $33.420 short
2019-06-10 09:37:37 AMD sell $33.420 short
2019-06-10 09:40:22 AMD buy $33.410 short
2019-06-10 09:40:22 AMD buy $33.410 0


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