AMZN Trade on Nov 1, 2022 10:04 from quanphan135: Tradervue User Stock Trades.

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quanphan135

 

The set-up: Opening Drive Play/ Break Down

Earlier, I was looking at at MSFT the whole time. Then, switching to AMZN. Offer alot of R/R setup for a break down trade. As soon as I enter, freaking selling volume is decreasing again. Waiting like 10m to see trade going my favor. CUT OUT my trade at 1.5R. Then, watching AMZN slowly bleeding 5 points (10R play) like a IDIOT! 200% total gain EOD if not sell.

Original, I saw a nice pre-market gap up. This sell off this shady AF and we also have FOMC tomorrow as well. - I was only trading 1/3 of my original normal size.

What I did Right:

1) Catching the right STOCK, sell off trend today with BEST R/R (ALSO WITH MFST EARLY MORNING AS WELL)

2) Patient and wait out the trade to my first 1R target and scale out first position

What I did Wrong:

1) Go half size is OK - Market was SHADY.

2) While choosing best R/R entries to play out. I DID NOT RESPECT MY RISK AT ALL, I COULD HOLD THE LAST POSITION AND DRIVE IT OUT (Reason, volume are decreasing)

3) LEFT SO MUCH MONEY IN THE TABLE (BECAUSE NOT RESPECT MY ORIGINAL STOP LOSS)

Where I could improve:

Always respect my STOP LOSS AND REWARD TARGET (ATLEAST 2R please)

Trade grade: C


Execution detail:

Date/time Symbol Side Price Position
2022-11-01 10:04:13 4 NOV 22 103 PUT buy $3.150 long
2022-11-01 10:09:57 4 NOV 22 103 PUT sell $3.450 long
2022-11-01 10:10:28 4 NOV 22 103 PUT sell $3.350 0


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