Shared by
quanphan135
The set-up: Consolidate / Break Down Trade
After losing 2 trade of AAPL, I was looking at AMZN. - AMZN show show some consolidate but in weakness zone. 120 was a opening level and trading below that. I was patient and see AMZN trade under the level that I watch as well as tape showing weakness held the ask. I enter "full size" SHORT position at $118.60. Risking 20c (SL: 118.80).
The trade was working my way immediately. I was patient and slowly scale out at my target.
What I did Right:
1) Right timing
2) Tight risk + maximum reward
3) Scale out
What I did Wrong: None
Where I could improve:
1) Seeing this setup in the future I could increase more size
2) Even scale out more R
Trade grade: A
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-10-24 10:02:37 | 28 OCT 22 120 PUT | buy | $5.350 | long |
| 2022-10-24 10:08:56 | 28 OCT 22 120 PUT | sell | $5.650 | long |
| 2022-10-24 10:11:30 | 28 OCT 22 120 PUT | sell | $5.650 | 0 |
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