Shared by
Dandres
One of those stocks you watch
Open
Trade 1: Was looking like a reversal trade from the highs. Took an initial entry and it went against me. Once it moved back half of the move I manually got out.
Trade 2: Another reversal trade on the break of the consolidation level. Reversed immediately, except that this time I did not get out at once it went past half of the consolidation level. Got stopped out.
Trade 3: Reversal traded that was retesting that consolidation range and actually broke it. Took my partials/base hits and got out.
Reflection
- Decent risk management with not scaling without confirmation.
- The second trade I could have managed better with following my rule of getting out when the stock retakes 50% of a move.
- Sound reasoning and good confirmation on all these trades. Shit happens but we can manage our risk.
- Nice at scaling in for the 3rd trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-06-08 10:37:34 | AMZN | sell | $124.590 | short |
| 2023-06-08 10:40:48 | AMZN | buy | $124.860 | 0 |
| 2023-06-08 11:00:59 | AMZN | sell | $124.990 | short |
| 2023-06-08 11:02:53 | AMZN | buy | $125.310 | 0 |
| 2023-06-08 11:14:41 | AMZN | sell | $125.040 | short |
| 2023-06-08 11:18:02 | AMZN | sell | $124.960 | short |
| 2023-06-08 11:37:16 | AMZN | buy | $124.710 | short |
| 2023-06-08 11:38:29 | AMZN | buy | $124.540 | short |
| 2023-06-08 11:40:15 | AMZN | buy | $124.570 | short |
| 2023-06-08 11:43:23 | AMZN | buy | $124.810 | 0 |
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