One of those stocks that you watch
Open
- Watching NVDA for a possible VWAP break down move. First entry on the new 5 min candle giving break of consolidation range action, quick retract and then retest fir a second entry further down. Price action did NOT resolve on the new 5 min candle opening and instead move backed up above the VWAP, it didnt break the consolidation high at 421.50 but the reverse off the break into the consolidation was pretty unconvincing so I got out to manage the risk.
Reflection
- 3 indicators? Yes, first entry called for.
- Scaling? Yes, scaling called for.
- Partials? No, price action didnt break down.
- Risk management? Got out on rejection and break back into the range.
- What went right/wrong? Trade execution was fine, risk management was good too.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-09-25 10:41:31 | NVDA | sell | $420.110 | short |
2023-09-25 10:44:34 | NVDA | sell | $419.730 | short |
2023-09-25 10:46:41 | NVDA | buy | $420.710 | 0 |
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