Shared by
walden
Bad trade. Tried to trade the reversal setup. Buy at breakout of 9 EMA. Sad to say the stock swing back down immediately. Again stop loss at swing low, and then it swing back up immediately.
What I did Right: I follow my setup. Period of consolidation, breakout of 9 EMA for a reversal trade. The first entry at 172 is alright.
Where I could improve: I chased at 172.12 which was a bad idea. Should set a tight stop loss as the second bar swing down happened too quickly for me to react. Mental stop doesn't work in big down market on 19 Aug.
Trade grade: I follow my setup. Although a small loss and I gave it a D.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-08-19 11:05:48 | AAPL | buy | $172.000 | long |
| 2022-08-19 11:06:37 | AAPL | buy | $172.120 | long |
| 2022-08-19 11:07:54 | AAPL | buy | $172.020 | long |
| 2022-08-19 11:09:02 | AAPL | sell | $171.760 | long |
| 2022-08-19 11:09:43 | AAPL | sell | $171.721 | 0 |
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