Premarket
- News on AI and NVDA approaching 1 tril evaluation. Big catalyst, they jumped 81$ during the premarket!
- ETB, MC, ATR: 8.79, Max share size was originally around 30 shares but the type of volatility and price action on this stock made it MAX 10.
Open
- Sat on my hands and waited the OR to die.
- Trade 1: Was noticing the sort of false break out of the VWAP and the development and closing of 5 min candles back down to the downside. Took first entry of 2 shares. Added on the opening of a lower 5 min candle. Really didn't like how the trade didn't resolve right away after the strong VWAP break and bounce back to the VWAP, at this point it wasn't just a minor pullback, it was holding the level. Decided to get out.
Reflection
- Was definitely more conscious of the scaling in and adding on solid candle and volume confirmation. Didn't add my finally entry on the position because at that point it started consolidating.
- Good risk management on this and following my trade book rules of scaling in and getting out.
1. Got in on 1 min and 5 min confirmation + volume.
2. Scaled in slowly and on candle closing.
3. Adjusted my share size to account for the volatility.
4. Got out completely during the consolidation level for a small loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-25 10:07:26 | NVDA | sell | $380.980 | short |
2023-05-25 10:13:56 | NVDA | sell | $380.810 | short |
2023-05-25 10:20:20 | NVDA | buy | $382.420 | 0 |
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