AMD Trade on Jun 5, 2023 10:11 from walden: Tradervue User Stock Trades.

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walden

This trade reflects the randomness of the market. AMD got a double top pattern on 5 minute chart. I was attracted by the long wick of the second top at 5 minute chart. After trying to breakdown at the 2 minutes, a big squeeze up which forced me to stop out. What's worse, after the squeeze up, AMD fall back down to my initial entry position on consecutive red candles.

What I did Wrong: I added to the put position as AMD looks like to breakdown.

Where I could improve: I should not add to my position. One put trade is enough.

Trade grade: Fail.

Execution detail:

Date/time	Symbol	Side	Price	Position
2023-06-05 10:11:29	JUN09 23 117 PUT	buy	$2.190	long
2023-06-05 10:15:28	JUN09 23 117 PUT	buy	$2.120	long
2023-06-05 10:18:28	JUN09 23 117 PUT	sell	$1.510	long
2023-06-05 10:19:46	JUN09 23 117 PUT	sell	$1.590	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMD&trade=52868072&end=20230605111746&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)&study2=ema(20)');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMD&trade=52868072&end=20230605124946&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=macd(26,12,9)&study2=vwap(none)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AMD&trade=52868072&end=20230705&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)&study2=ema(9)');}

AMD Trade on Jun 5, 2023 10:11 from walden: Tradervue User Stock Trades.

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