Shared by
Goku_BOWS
Daily Setup: Resistance rejection, double top
Intraday Setup: Overbought w/ Hammer candle
Layers of Probability: Daily level, candle setup
Entry: Hammer candle that broke daily resistance and faded back down. Very late FOMO entry
Stop: HOD
Targets: 1:1, equilibrium
Thoughts/Thesis/Notes during the trade:
Jumped in on shooting star back through 280. Way too late, too much size/risk. It continued ticking down so I placed a bid at the ask and it ticked back up. Wanted to reduce risk since I went over.
I moved my bid to full position to exit near buy price, almost hit and then upticked broke out. Stopped
This got me very stressed. Too big of size, too strong of stock.
Areas of Success: Realized my error and tried to exit. Did not move my stop!
Areas to Improve: Market out once error realized, don't try to make a penny.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-04-18 09:44:00 | NVDA | sell | $279.580 | short |
| 2023-04-18 09:48:00 | NVDA | buy | $280.550 | 0 |
Comments
Goku_BOWS
I just realized I poo-pooed your short trade on NVDA the next day. Ha, sorry!
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I like the idea on the chart ... you had the hammer candle with vol but like you said tough stock to short