AMD Trade on Aug 22, 2023 09:48 from Trader_DK88-Andrew_BOWS: Tradervue User Stock Trades.

Improvements:

  1. This was a trend continuation trade based off the break of a pull-in and the loss of a anchored vwap off the most recent low.
  2. The stock had gapped-up in the pre-market and was testing the low and high of the the pre-market range before rolling over.
  3. The stock flushed to the down side and performed a Green2Red in the process.
  4. Stock found support at the 108-level after a 1.5-point downside move and consolidated.
  5. I was looking for a potential continuation setup and waited for confirmation the consolidation was over and stock was commencing the next leg down.
  6. Once the stock broke the anchored vwap off the most recent low of the pull-in I entered short.
  7. Stock hovered and consolidated a little before the flush occurred.
  8. I had missed the opportunity to add more size into the trade on the break of the small consolidation. This was a prime area to load more size into the trade.
  9. Watching the tape I could see buyers in and around the 107-level and the stock was being bought coming into that level.
  10. Held the stop at the 107-level and when I seen the stock struggling to push lower I hit out, 2-pennies shy of the profit harvest stop.

Notes:

  • Good analysis for the trade setup and good overall trade managed.
  • Initial entry was well timed although missed opportunity to add more size into the trade.
  • Good watching the tape and profit harvesting for the trade.

Actions:

Trade Technical variables:-

ATR:
Rvol:
AVol:
Beta:
Short:
Float:
Ins. Own:
WIC:
VWAP:


Execution detail:

Date/time Symbol Side Price Position
2023-08-22 09:48:42 AMD sell $107.910 short
2023-08-22 09:55:50 AMD buy $107.020 0


Comments

2023-08-23 18:43:16
 

Covering on the next leg down, nicely done.

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