I saw a double top formed for AMZN at 1 min chart. Waited for the stock to breakthrough neck line to go short. But it is a false breakout and did not work. Close out half of the position. Then got stopped out.
What I did Right: Tight stop.
What I did Wrong: This affects my trade for the evening for AMZN, as it keeps going up and I totally missed it.
Where I could improve: Don't add to losing position. Tight stop.
Trade grade: E.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-05 09:56:39 | AMZN | sell | $108.250 | short |
2022-07-05 09:58:05 | AMZN | sell | $108.620 | short |
2022-07-05 09:58:58 | AMZN | buy | $108.800 | short |
2022-07-05 09:59:21 | AMZN | buy | $108.995 | 0 |
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