(1) Trade Plan: Breakdown.
(2) Overall Rating: A
(3) What was Good: I saw the SPY was trending down dramatically and AMD was reacting to it a bit slow so when I saw the SPY acting first, I decided to enter in the trade.
(4) What was Bad: I could have added to my position on the way down.
(5) Improvement Areas: Adding and taking profits.
(6) Rule(s) Broken: None.
(7) Stop Loss:
Was your stop loss according to your trading plan? Yes at a $50 max loss.
(8) Entry:
Did the entry meet the pre-trade checklist? Yes.
Was the entry too early? No.
(9) Profit Taking:
Did you exit according to plan (Upper Band/Lower Band/Middle Band/Stop Loss)? Yes.
Why did you exit? Hit 2R target.
(10) Psychology:
Were you patient on the entry? Yes.
Were you patient on the exit? Yes.
Did you trade the P/L (focus on the outcome not process) either retaining profits or trying to make back losses? No.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-25 10:57:18 | AMD | sell | $93.440 | short |
2021-01-25 10:59:46 | AMD | buy | $92.780 | short |
2021-01-25 10:59:46 | AMD | buy | $92.780 | 0 |
2021-01-25 11:04:18 | AMD | sell | $92.520 | short |
2021-01-25 11:07:15 | AMD | buy | $92.070 | 0 |
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