AMZN Trade on Apr 9, 2021 11:15 from WizardKing: Tradervue User Stock Trades.

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WizardKing

 

PLAY: BREAKOUT/Uptrend
KEY LEVEL: 3224,3330,3350
Did I follow my stop loss rules?Technically yes. It held 3324, so I didn't exit. And once the trade is in the green, my stop losses can begin to widen, as the ultimate worst case scenario stop would just be set at breakeven.
Entry(Notes): In the moment, this was technically rushed. Stock pulled back on me for a few minutes, and I was facing unrealized losses of $200+ on a mere 1 contract. 0 dte... This was past my regular trading hours of first 90 minutes of market open too. Keep in mind, if this breakout failed(3324 support broke and stock then dumps), I would have possibly gave back all of my profits eariler on the day. This is what could have happened.

Exit(Notes): Was considering taking profits after a quick scalp. Was looking for a quick parabolic/momentum move up, to sell into strength. But the thing about AMZN.... it moved so so slow. The uptrend never broke, and the dips were always bought back up. Not to mention, I was slightly frustrated that I gave up a good chunk of my unrealized profits on FUBO, so I wanted to make those back. So I didn't sell. Held until finally it was testing 3350. That was a major level for me, so I took it. Uptrend never broke.

Chart:image
5 Min:image


Execution detail:

Date/time Symbol Side Price Position
2021-04-09 11:15:40 APR09 21 3330 CALL buy $8.500 long
2021-04-09 11:54:49 APR09 21 3330 CALL sell $22.800 0


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