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:
5 Min:
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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