AMD Trade on Mar 16, 2020 09:59 from TheDumo27: Tradervue User Stock Trades.

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TheDumo27

 

The market gapped down and halted again right at the open. When it started back up it bounced briefly. I was waiting for an entry in AMD to show itself. I saw weakness on the tape above $40.50 with /ES also losing momentum. I entered around $40.60 looking for a move down to $39.50. AMD broke down to $39.80 area where it found support there a couple times. When it couldnt break through there a third time and with /ES making higher lows i should have took profit and got out. I held out being stubborn and ended up letting it ride all day. I was probably down around $150 at its worse which is at least $100 more then it ever should be. During the trump speech the market pulled back hard. I saw $20 profit and thought to myself "now its going, lets see if i can get more". A few seconds later i punched myself in the dick for being stupid and closed the position and was happy/lucky that i did not take a loss in the first place.

Entry: B
I identified the weakness and executed well but there was no key level here to play off just shift in momentum.

Exit: F-
I was greedy even though my position was up over 10% at one point and i honestly didnt realise /ES making higher lows until now. I did execute at the end of the day when i almost held for more. Yes it would have worked out in hindsight but thats the type of thinking that gets me into trouble so im forcing myself to act against those emotions.

Emotions: D
I was patient for my entry with the play i saw but ignored the signs the price action and market were showing me and held for more. I also ignored my exit point and let the gamble ride. Fortunately it went my way in the end but these emotions and inability to be disciplined will keep me from succeeding and continually wipeout my account.

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Execution detail:

Date/time Symbol Side Price Position
2020-03-16 09:59:12 MAR20 20 40.5 PUT buy $2.630 long
2020-03-16 15:39:49 MAR20 20 40.5 PUT sell $2.740 0


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