Shared by
SchubyTrades
/SETUP/BIG PICTURE
STOCK IN RALLY MODE WITH OTHER CHINESE EV STOCKS. LOW CONFIDENCE ABOUT A INTRADAY HOLD. SCALP/PROACTIVE ON THIS ONE WAS THE GOAL.
ENTRY/SIZING
killer entry after second 8.5 rejection off open.
EXIT
covered to early first flush. really dont know why i covered here ... could have been way more patient even if it was a scalp.
RISK MANAGEMENT
ok tigher than usual and size a little bit bigger.
PROCESS EXECUTION
+/- everything started good, but emotional covering didnt make me nail the whole pull back and profit a really good oportunity.
What i did right : STOCK SELECTION AND ENTRY SIZING, SETTING A TIGHTER STOP
What i did wrong . emotionally covered first flush. could have vbeen a 2.1RR trade with more patience on the exit. didnt respect todays plan.
TAGS : EDGE/SETUP/ENTRY/SIZING/EXIT/RISK MANAGEMENT/RIGHT-WRONG/PROCESS RESPECT/GRADE
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-10-26 09:47:00 | XPEV | sell | $8.400 | short |
| 2022-10-26 09:51:00 | XPEV | buy | $8.250 | 0 |
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