The Daily chart is building a range around 160, and im watching for the break above.
I liked the flag building on this one intraday around 160. I ended up buying on the fake breakout and had to wait for some follow through. It started to speed up and broke 160 clean. sold 1/2 into the spike around 162
The breakout didnt hold.
After seeing that big red candle my gut was telling me this was over now, but i decided to let the rest of my shares ride it out with my original stop loss. I got stopped out and it ended up coming all the way back to fill the gap.
How i can improve:
I could have sold my remaining shares right after seeing that bearish candle, i could have moved my stop just under 160 as this is a key level that will hold or will confirm this stock done for right now.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-27 09:42:50 | AFRM | buy | $160.270 | long |
2021-10-27 09:50:38 | AFRM | sell | $161.850 | long |
2021-10-27 09:57:38 | AFRM | sell | $157.900 | 0 |
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!