Trade 1: VWAP (Loss)
Trade 2: SCRAP
Trade 3: VWAP (Loss)
Trade 4: RS (Loss) Took an entry to the upside as the candle action broke up to 107.5, took a second entry higher as it broke higher into the levels. These entries were sort of called for the RS break but it broke back into the range immediately, I should have gotten out once it slightly below my average price. Got out right before the bottom of the range.
Reflection
- Missing sim chart confirmation for the RS break trade, could have avoided this by watching the 5 minute candle close and break down.
- Follow your consolidation rules too! entry close to the closing candle, second entry after the break, third on a pull back or higher level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-08-21 09:51:55 | AMD | buy | $107.470 | long |
2023-08-21 09:52:54 | AMD | buy | $107.730 | long |
2023-08-21 09:55:09 | AMD | sell | $107.290 | 0 |
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