Daily Setup: No technical, Mega tech has been strong, gap down good opportunity to buy if market bounces.
Intraday: Noe
Didn't trade this too well, but the degree of bounce did save me. I expected the market to bounce right at the open and bought in too large so I had to stop out. That did allow me to add lower and the sell and buyback a couple times creating a nice cushion to negate the previous loss. From there just kept selling pieces on the way up. I trailed the last bit on the 15 minute and got stopped out near the close. I was up enough to hold, but did not want the overnight risk with CPI in the AM.
Layers of probability: Relatively strong stock and theme, markets oversold and could use a correction,
Entry: 1st: open and added lower, stopped; 2nd added on the way up (above first stop), then added lower and lower into 175.
Stop:LOD
Targets: vague, traded the action without much of a plan.
Successes: good range trading and add-backs
Areas to improve: Too much risk, had to stop out, re-entered with even more risk.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-03-13 09:30:00 | META | buy | $177.950 | long |
2023-03-13 09:32:00 | META | sell | $176.800 | 0 |
2023-03-13 09:34:00 | META | buy | $177.410 | long |
2023-03-13 09:36:00 | META | buy | $176.480 | long |
2023-03-13 09:39:00 | META | buy | $175.520 | long |
2023-03-13 09:40:00 | META | sell | $176.500 | long |
2023-03-13 09:41:00 | META | buy | $175.640 | long |
2023-03-13 09:41:00 | META | sell | $176.270 | long |
2023-03-13 09:44:00 | META | buy | $175.870 | long |
2023-03-13 09:47:00 | META | sell | $176.500 | long |
2023-03-13 09:47:00 | META | sell | $176.990 | long |
2023-03-13 09:48:00 | META | sell | $178.060 | long |
2023-03-13 09:49:00 | META | sell | $178.920 | long |
2023-03-13 09:52:00 | META | sell | $179.980 | long |
2023-03-13 10:45:00 | META | buy | $179.690 | long |
2023-03-13 11:11:00 | META | sell | $181.500 | long |
2023-03-13 15:54:00 | META | sell | $180.940 | 0 |
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i like the trade idea but hard trade execution