AMD Trade on Jul 23, 2020 13:49 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Missed the break-out of ATHs=$59 yesterday and man, I was pissed...
Had an alert at $59.5s in case of any pullback towards the previous ATH the following days.
Well, what a market gift and so soon. That was unexpected.
AMD sold-off from $62 all the way to $59 along with overall market.
Going "long" frontside weakness w/o a plan+pattern is for suckerszz and by now I have learned my lesson.
Technical Reversal on the 15min chart + wait for the flush below support
-- Got long tiny size (less than filler) in-front of $59 support just to engage, risking wide stop=1% of price=$58.4s, in anticipation of a reversal bar on the 15min chart.
-- 15min bar closed as a hammer, but no further adds until 9+20EMA@1min chart cross each other. That didn't happen so I waited more.
-- Got back to $59, held for a 2nd time, so added again tiny size, risking same stop.
-- Finally, flushed below support = stop-long run of the ones that got big in-front of support risking tight stop below a.k.a suckerszz
-- Added size on 1min reversal bar, that ended up as a hammer on the 5+15min timeframes.
-- Missed the add when EMAs@1min chart crossed, and AMD reclaimed $59 support
Took profits at $59.6s, held overnight with stop at LOD=$58.6.
And then news about INTC 7-nanometer chip process delay hit tape, and AMD exploded post-market at $64.5s (which obvioulsy was the catalyst for the move yesterday known to only a selected few...)
Took some off at $62. $63.5 and $64.5s.
Still holding about 30% of position...
Proud for this trade.
Thesis+patience+execution=big gains!!

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(-) Bad miss the Resist. Lvl Break-out trade above R1=premarket high=$64.7. Great bull-flag (Indy-long) on the 15min chart for +$4/share.
Took some $67 and $70.
Still holding about 20% of original position, will hold through earnings.
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Took some in-front of $75 after another +11% gap-up due to earnings. Moved stop to $67.
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Update 08/25/2020
Looks fantastic.
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Update 09/03/2020
All good things come to an end...
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Execution detail:

Date/time Symbol Side Price Position
2020-07-23 13:49:58 AMD buy $59.020 long
2020-07-23 14:07:26 AMD buy $59.170 long
2020-07-23 14:09:36 AMD buy $59.170 long
2020-07-23 14:18:30 AMD buy $58.820 long
2020-07-23 15:05:58 AMD sell $59.600 long
2020-07-23 15:45:12 AMD sell $59.780 long
2020-07-23 16:02:32 AMD sell $61.000 long
2020-07-23 16:04:01 AMD sell $62.030 long
2020-07-23 16:08:42 AMD sell $61.900 long
2020-07-23 16:20:07 AMD sell $63.170 long
2020-07-23 16:20:29 AMD sell $63.250 long
2020-07-23 18:18:43 AMD sell $64.300 long
2020-07-24 10:57:18 AMD sell $66.970 long
2020-07-24 15:11:52 AMD sell $69.900 long
2020-07-29 07:24:22 AMD sell $74.950 long
2020-08-04 09:38:12 AMD sell $79.850 long
2020-08-07 13:04:08 AMD sell $84.240 long
2020-08-11 15:11:34 AMD buy $78.145 long
2020-08-11 15:14:53 AMD sell $78.010 long
2020-09-03 10:17:10 AMD sell $85.935 0

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