Saw AMZN moving down. First trade was bad as I tried to catch the bottom. There are 3 bars on 1-min chart at same level for consolidation. When it moved further down, I quickly cut loss. Then re-entry at 114.2 when a clear bottom is form. Exit on swing high.
What I did Right: The second entry is beautiful.
What I did Wrong: Too small position. This should be a much bigger bet. As market strong (S&P +1% on open and keep going higher), a clear bottom was form. This can be a killing trade of the day, and I made small money only.
Where I could improve: Better position size, scale out.
Trade grade: C
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-19 09:44:16 | AMZN | buy | $114.350 | long |
2022-07-19 09:47:32 | AMZN | sell | $114.200 | 0 |
2022-07-19 09:52:34 | AMZN | buy | $114.216 | long |
2022-07-19 09:55:37 | AMZN | sell | $114.620 | 0 |
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