Shared by
dpaleo
Tags:
Got caught badly and really lucky to get bailed out by mkt selling off. Strongest stock in mkt today. Shoulda waited for it to crack with first entry coming on 11:25 candle not prior. After 25 mins of not taking next leg down it was clear it was gonna pop but didnt take defensive action or place partial stop above $85. Then took big chance/risk cancelling full stop at new high gambling on gut instinct that the 2 point 5min candle was the final exhaustion / stop run. Was it the right call? Probably not despite it being the biggest candle since 9:45 bc the risk of it continuing higher and possibly skip points on a squeeze is too high and my loss woulda been too big. Really bad process trade that I got lucky on. Gotta avoid these earnings landmines with patience and better discipline.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2022-11-02 10:50:56 | SMCI | -100 | $84.330 | -100 |
| 2022-11-02 10:53:07 | SMCI | -100 | $84.590 | -200 |
| 2022-11-02 11:00:30 | SMCI | -100 | $84.300 | -300 |
| 2022-11-02 11:09:14 | SMCI | 1 | $84.960 | -299 |
| 2022-11-02 11:09:14 | SMCI | 199 | $84.970 | -100 |
| 2022-11-02 11:13:57 | SMCI | -100 | $84.755 | -200 |
| 2022-11-02 11:13:57 | SMCI | -100 | $84.650 | -300 |
| 2022-11-02 11:13:57 | SMCI | -100 | $84.620 | -400 |
| 2022-11-02 11:19:35 | SMCI | -100 | $84.870 | -500 |
| 2022-11-02 11:20:13 | SMCI | 200 | $85.530 | -300 |
| 2022-11-02 11:20:13 | SMCI | 200 | $85.540 | -100 |
| 2022-11-02 11:30:40 | SMCI | -8 | $83.910 | -108 |
| 2022-11-02 11:30:40 | SMCI | -92 | $83.900 | -200 |
| 2022-11-02 11:30:58 | SMCI | -100 | $83.690 | -300 |
| 2022-11-02 11:31:50 | SMCI | -50 | $84.050 | -350 |
| 2022-11-02 11:32:07 | SMCI | -100 | $84.150 | -450 |
| 2022-11-02 11:32:17 | SMCI | -50 | $84.250 | -500 |
| 2022-11-02 12:04:59 | SMCI | -100 | $84.650 | -600 |
| 2022-11-02 12:26:52 | SMCI | 50 | $83.800 | -550 |
| 2022-11-02 12:35:37 | SMCI | 100 | $83.380 | -450 |
| 2022-11-02 12:37:03 | SMCI | 100 | $83.170 | -350 |
| 2022-11-02 12:37:08 | SMCI | 50 | $82.850 | -300 |
| 2022-11-02 12:39:45 | SMCI | 100 | $83.100 | -200 |
| 2022-11-02 12:53:05 | SMCI | 100 | $82.620 | -100 |
| 2022-11-02 12:59:25 | SMCI | 100 | $82.330 | 0 |
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