TSM Trade on Jul 27, 2020 09:53 from CapitalMastery: Tradervue User Stock Trades.

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CapitalMastery

 
Summary

Had TSM on watch for an ADH style trade, but ended up scalping it as I was half expecting it to reverse similar to AMD at any point. However, see playbook trade below. Should have taken the trade once the entry signal appeared regardless. Would have been a really nice $2.50+ move.

Did Right

Had stock on radar for an ADH style trade, so at least I was looking in the right direction

Did Wrong

Scalped the trade when I should have been looking for the bigger picture trade and entry.

Improvements

I have to remember that the best entries are typically going to come 20-30min into the day

Next Trade

At this point TSM is rather over extended, will def be on my watchlist for a reversal trade tomorrow. Of course, I'll let price action confirm.

Playbook Trade

TSM - Gap Up Breakout Trend Continuation


Execution detail:

Date/time Symbol Side Price Position
2020-07-27 09:53:16 TSM sell $81.059 short
2020-07-27 09:55:43 TSM buy $81.000 0
2020-07-27 10:03:04 TSM sell $80.720 short
2020-07-27 10:03:04 TSM sell $80.710 short
2020-07-27 10:19:44 TSM sell $81.260 short
2020-07-27 10:26:12 TSM buy $81.000 short
2020-07-27 10:26:12 TSM buy $80.990 short
2020-07-27 10:26:55 TSM buy $80.960 short
2020-07-27 10:32:05 TSM sell $81.513 short
2020-07-27 10:32:26 TSM sell $81.784 short
2020-07-27 10:40:42 TSM buy $81.510 short
2020-07-27 10:40:50 TSM buy $81.460 short
2020-07-27 10:41:05 TSM buy $81.360 0
2020-07-27 11:29:19 TSM sell $81.830 short
2020-07-27 11:32:49 TSM buy $81.660 0


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