Shared by
tradingmamba
Opening Range breakout trade.
As soon as the market opened it has tremendous volume, and that volume tends to go with the trend. I took a 1 MIN ORB on this trade with about 20 cent risk. Goal was to get to 60$
entry 59.29 - was a little early I should've been more patient and see more confirmation, I almost got stopped out on what was a good move.
Exit - I took partial at 59.58 which was close to my 2 to 1 then partialed all the way up to 60.52 I should've held onto more shares longer due to there not being a reason2sell.
The stock was trading at twice its normal volume on the day one of the larger reasons I was watching MU it also had some positive news. Analyst projected a rebound in memory chip pricing
Overall ive very new and feel good about this trade the things I need to work on are holding my winning shares longer and showing more patience on the entry price. I felt physically and mentally well yesterday. This was my only trade 1 and done.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-12 09:31:14 | MU | buy | $59.290 | long |
| 2020-02-12 09:33:29 | MU | sell | $59.580 | long |
| 2020-02-12 09:33:50 | MU | sell | $59.700 | long |
| 2020-02-12 09:34:47 | MU | sell | $59.870 | long |
| 2020-02-12 09:35:06 | MU | buy | $60.060 | long |
| 2020-02-12 09:35:15 | MU | sell | $60.080 | long |
| 2020-02-12 09:36:00 | MU | buy | $59.800 | long |
| 2020-02-12 09:37:02 | MU | sell | $60.210 | long |
| 2020-02-12 09:37:33 | MU | sell | $60.250 | long |
| 2020-02-12 09:41:15 | MU | sell | $60.520 | 0 |
Comments
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Great trade and review. Great timing and well played overall. I think Bella would be happy with that.