Shared by
Beckboy5
The set-up: FTBO HOD
Gap Up Day? Y
Trading on news? Y
MTFA: 1M, 2M, 5M (Premarket Wedge)
Timeframe used? All
Above 200 EMA? Y
Spread: Thin
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What I did Right: Saw the premarket wedge and potential for big surge, got in using high of PM wedge and bottom of current candle on the 2M as SL, held to 1R and got out based on past performance this week and wanting to rebuild that momentum. Listened to myself and followed my plan.
What I did Wrong: Left plenty on the table, trade went up another full dollar after I got out
Where I could improve: Focus on one trade a day and rebuilding momentum, only take A+ setups where intuition tells you it will work, and work on leaving one small piece on the table if there's a chance to run higher
Trade grade: A
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Entry: 20.43
Stop Loss: 19.96
Trade Management: Good
Targets: 20.88
Actual Exits: 20.85, 20.90, 21.02, 20.92
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-08-16 09:34:08 | DLO | buy | $20.430 | long |
| 2023-08-16 09:35:30 | DLO | sell | $20.850 | long |
| 2023-08-16 09:35:34 | DLO | sell | $20.900 | long |
| 2023-08-16 09:35:39 | DLO | sell | $21.028 | long |
| 2023-08-16 09:35:43 | DLO | sell | $20.920 | 0 |
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