Shared by
tjmiller2001
MU had been rallying hard since the open, the name had my interest on a pullback.
Strong entry on a pullback, scaled in wisely near VWAP. Trade had a 3:1 RR. Smart to protect my profits by selling on an uptrend with plans to reenter at the bottom of the range. When the pullback came, I stuck to my plan and added. My level broke and I got out fast.Strong entries kept this loss small.
Lesson Learned: Fight for price to keep losers small. Protect profits by scaling out
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-13 10:17:38 | MU | buy | $57.750 | long |
| 2020-11-13 10:18:32 | MU | buy | $57.720 | long |
| 2020-11-13 10:27:31 | MU | sell | $57.870 | long |
| 2020-11-13 10:38:03 | MU | buy | $57.750 | long |
| 2020-11-13 10:39:58 | MU | sell | $57.656 | long |
| 2020-11-13 10:41:48 | MU | sell | $57.760 | 0 |
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