AMD Trade on Jan 7, 2021 09:47 from spyrosz: Tradervue User Stock Trades.

Gravatar

Shared by
spyrosz

 

Not on main watch for a break-out. If anything I had placed bids lower expecting a sell-off towards the previous weekly break-out level=$87-88 to catch a reversal.

Alert hit when it tagged R1=$93 at the open, which was where it was failing for 2 consecutive weeks. I didn't expect that at all. Saw the picture-perfect bull-flag below R1,

got long filler risking LOD=$91.2s, quickly added Tier 0 as it started resolving the pattern to the upside, tightening stop below bottom of consolidation $92, expecting the break thru R1=$93 and the push to R2=$95.

Sold small at the push to $94, more at target.
Still in with 1/3, stop below $93, target $98, then new highs >$100.

(+) Nice trading and entries..!
(-) Should have added momo tier thru R1.

image

Terrible decision to close it because "I think market is due for a pullback", when it actually tested and held R1=$93 which was a) yesterday's major break-out level, b) proper stop for the swing-size.

If anything a) I should have traded the pullback to R1=$93 for the bounce to R2=$95, b) at least hold a 10-15% of swing-size as potential investment risking

9SMA@weekly
. Not even that. Tragic:/

image


Execution detail:

Date/time Symbol Side Price Position
2021-01-07 09:47:09 AMD buy $92.580 long
2021-01-07 09:47:14 AMD buy $92.590 long
2021-01-07 09:52:04 AMD buy $92.700 long
2021-01-07 10:03:18 AMD sell $93.430 long
2021-01-07 10:08:30 AMD sell $93.850 long
2021-01-07 10:23:44 AMD sell $93.730 long
2021-01-07 11:02:28 AMD sell $94.280 long
2021-01-07 11:07:51 AMD sell $94.430 long
2021-01-07 11:14:03 AMD sell $94.510 long
2021-01-07 11:21:27 AMD sell $94.740 long
2021-01-07 11:22:44 AMD sell $94.890 long
2021-01-08 08:21:34 AMD sell $95.700 long
2021-01-08 08:46:30 AMD sell $95.930 long
2021-01-08 10:33:10 AMD sell $93.950 long
2021-01-08 10:51:54 AMD sell $94.500 long
2021-01-08 10:51:54 AMD sell $94.500 long
2021-01-08 10:51:54 AMD sell $94.500 long
2021-01-08 10:51:54 AMD sell $94.500 long
2021-01-08 11:07:23 AMD sell $94.310 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in