AMZN Trade on Apr 7, 2021 09:45 from WizardKing: Tradervue User Stock Trades.

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WizardKing

 

PLAY: 3250 Break
KEY LEVEL: 3250
Did I follow my stop loss rules? Technically, although this play was a slow slow uptrend, and I just stayed in because the uptrend didn't break.
Entry(Notes): My entries were all so rushed. First entry was okay, wanted to get in pre-breakout just in case it broke and ran 30 points straight away.2nd entry I made because as it was holding the breakout level, I thought it would make another quick momentum move up, like the SQ'S and FB's of today, where things go straight up. Instead we got some consolidation. I was lucky the uptrend didn't break, as my risk turned out to be pretty high on this.

Exit(Notes): I was faced with some losses in this play, because my entries weren't exactly at the lows. I just stayed in because the uptrend technically didn't break yet, but I'm not going to lie, doing the trade I was hoping some bull flag would come save me. I scaled out on the pops.
Regarding that last exit(before the stock ran another 30 pts), I exited because AMZN failed to make a higher high on that 1 minute chart. I'm happy I got out because the trend could have broke right there and then, but perhaps next time.... reenter?

Chart:image
5 Min: image


Execution detail:

Date/time Symbol Side Price Position
2021-04-07 09:45:37 APR09 21 3300 CALL buy $7.750 long
2021-04-07 09:47:35 APR09 21 3300 CALL buy $8.500 long
2021-04-07 09:53:08 APR09 21 3300 CALL buy $8.100 long
2021-04-07 10:02:29 APR09 21 3300 CALL sell $9.250 long
2021-04-07 10:18:16 APR09 21 3300 CALL sell $10.050 long
2021-04-07 10:40:31 APR09 21 3300 CALL sell $9.250 0


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