I had been watching BYND while in my AMD trade. The buyers were weakening at 70 on the tape. It was making lower highs the 2 1 minute candles before breaking through 70. I got in just before it broke through 70 with a target of $69. It briefly found a little support around $69.25. The buyers were not strong and the sellers kept pushing it back down. /ES, $TICK and $ADD were all starting to trend up at this point so i was considering locking then there was a quick push through 69 and i saw 68.70 so i put my order to sell and got filled quickly just before it bounced back above $69.
Entry: B+
Again same as the AMD trade i did not really have enough in my favor to consider this an A+ setup. I need to be more patient. It was well timed based off the tape with the stock showing weakness so that was the only reason for the decent grade.
Exit: A
For a scalp i fell i played this very well and being quick to lock seeing the quick drop below 69. Yes i could have caught more but i got 50% in 4 minutes. Im not disappointed with that.
Emotions: A
Felt patient for the entry (although i was not patient enough for the A+ setup), waiting for the confirmation on the tape. I was aware of the indicators and there shift in direction. I was quick to lock the gains seeing my target surpassed considering the signs of a potential momentum shift.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-04-07 09:40:02 | APR09 20 69 PUT | buy | $1.460 | long |
2020-04-07 09:44:09 | APR09 20 69 PUT | sell | $2.200 | 0 |
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