AMC Trade on Mar 29, 2022 10:53 from metp2202: Tradervue User Stock Trades.

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Shared by
metp2202

 

Shares traded: 1000
Closed Gross P&L: $-1023.50

Tags:

sector play

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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