One of those stocks that you watch
Open
- Took my first entry on the new 5 min candle that was moving to the upside, the price action was pretty positive as it had broken the levels on the 1 min and 5 min chart for a positive move to the upside.
Reflection
- 3 indicators? Yes, first entry was called for.
- Scaling? NO, the price action for the following several minutes held sideways and ultimately broke back down below the VWAP level for a rejection of the trade.
- Partials? None, price action did not break out the way I expected it would.
- Risk management? Got out on the break of the price action back into the sideways range that can be seen on the 5 min chart.
- What went right/wrong? Trade execution was fine here and so was the risk management.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-09-14 10:15:13 | AMZN | buy | $144.150 | long |
2023-09-14 10:19:24 | AMZN | sell | $143.900 | 0 |
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