Shared by
Goku_BOWS
Daily Setup: Green to red, base breakdown
Intraday Setup: Break of lows and yesterday's low
I had on my list for a break of the $20 level along with the $AAPL news on AI that they don't want apps with ChatGPT on the app store. It opened and tested green and quickly flushed to lows. I entered for a momentum continuation through lows and a break of yesterday's low as well. Right after I entered it popped back up and I never got a cover.
Layer's of probability: Market possible gap and go to downside, market bear flag, AAPL ChatGPT news, weak day yesterday
Layer's against: IWM relatively strong, not gapping below levels, several other market signals that said today wasn't the day to short.
Entry: Momentum break of lows, green to red
Stop: Originally HOD, moved to next lower high once formed for lower risk
Targets: $20, $19.75, $19.5
Success: Kept my cool and followed my stop
Areas to improve: I did have a lot of layers with, but also a fair amount not in support of the trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-03-02 09:34:00 | AI | sell | $20.440 | short |
| 2023-03-02 09:46:00 | AI | buy | $20.790 | 0 |
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