NVDA in a down trend. Double top pattern. I realized it late. When NVDA rebounded back to 9 EMA, I went short. The stock stayed weak for several more minutes, but did not moved lower, so I did a quick scalping instead.
What I did Wrong: Entry level not good.
Trade grade: C. While NVDA in a downtrend, I bet 9 EMA will be a resistance and moved back down. I closed out quickly when things did not happen. Small profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-09-27 10:06:55 | NVDA | sell | $125.450 | short |
2022-09-27 10:08:17 | NVDA | buy | $125.210 | 0 |
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