Tags:
Starter size on AMC with wide stop didn't work out. I was looking for another leg down but once we started to hold above green-red I knew that I was wrong.
Like I wrote on my HYMC trade, this was a layup short at the open after the parabolic move. When we get an extended chart like this on the daily with a very strong open (parabolic), the reversal is almost guaranteed after the first red candle/ sign of weakness. I need to be better prepare next time that a scenario like this happen. I was not mentally ready to hit size after the strong open. I was looking for 945-10 AM rejection or fail follow through.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2022-03-29 10:53:21 | AMC | -300 | $28.880 | -300 |
2022-03-29 10:53:21 | AMC | -200 | $28.880 | -500 |
2022-03-29 11:07:00 | AMC | 500 | $30.927 | 0 |
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