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.
Had stock on radar for an ADH style trade, so at least I was looking in the right direction
Scalped the trade when I should have been looking for the bigger picture trade and entry.
I have to remember that the best entries are typically going to come 20-30min into the day
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.
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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