One of those stocks that you watch
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- Apple came down to the 179 level that can be seen to be an area of support, took the first entry on this for the break down of this level after being tested several times this morning. The price action did break down but not nearly as much as I thought it would, broke down and only slightly where it then consolidated sideways for a bit and squeezed out. The best exit on this would have been the break back up above 179, the exit was a bit extended from where I would have liked to get out.
Reflection
- 3 indicators? Yes, first entry called for an near end of the 5 min chart.
- Scaling? No, only first entry called for because started consolidating quickly after and didnt break down further after that only broke back up to the upside.
- Partials? no, price action didnt break down enough.
- Risk management? Got out once the price action broke up past the consolidation high, exit a bit extended from where I would have liked to gotten out from.
- What went right/wrong? First entry good, no scaling good, risk management could have been better with exit at the break of 179.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-09-08 10:59:44 | AAPL | sell | $178.970 | short |
2023-09-08 11:02:45 | AAPL | buy | $179.080 | 0 |
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