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Goku_BOWS
Daily Setup: oversold from great earnings report, gap nearly filled
Intraday setup: Red to green, up through yesterday's lows
I had a buy stop in at yesterday's low, it started to work, then everything seemed to roll over so I jumped out at the low of the inside 5 candle. Didn't want to risk too much. A nice reversal occurred right after I stopped out. Good trade idea, execution was too soon.
Layers of probability: S/R level on daily, Markets oversold, stock oversold, gap almost filled, 21DMA caught up to lows.
Entry: Trade up through yesterday's low
Stop: Originally LOD, but moved up to limit risk with fear still present in the markets.
Targets: 1:1, then trail.
Successes: Nice amount of layers, good daily setup and trade idea.
Areas to improve: Smaller size to accommodate the amount of risk in the markets to allow setup to work, watch for re-entry setup.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-03-13 09:30:00 | CRM | buy | $171.880 | long |
| 2023-03-13 09:42:00 | CRM | sell | $170.710 | 0 |
Comments
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Love the idea! hard to keep the stop in original place with the fear in the market at the time.. like your self analysis
keep up the good work