One of those stocks that you watch
Open
- Was watching AMD develop its levels in the morning, it was rallying pretty strongly with the market all morning but all of a sudden in the matter of 2 minutes the price action met the VWAP again. I waited for the candle to close incase it broke up in the last few seconds. The price action broke the VWAP further. Took my first entry at the break, second entry was at the 1 minute candle lower level break. Rode out the move until it hit lows. At some point it hit a support area and bounced up but curled back down to the support, took my third entry for the lower break and a green day to red day move but it didnt break as far as I thought it would after that. Took my entry at the curling candles and my last at my break even. It could have been a much larger win but I held out for as long as I could to see follow up moves into lower levels, it didnt go that way but thats okay! its not my job to be right, its my job to protect my capital and manage my risk.
Reflection
- 3 indicators present.
- Proper scaling.
- Nice risk management and partials.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-08-07 10:00:19 | AMD | sell | $117.660 | short |
2023-08-07 10:00:30 | AMD | sell | $117.570 | short |
2023-08-07 10:05:17 | AMD | sell | $116.730 | short |
2023-08-07 10:07:56 | AMD | buy | $116.730 | short |
2023-08-07 10:08:34 | AMD | buy | $117.130 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!