Shared by
jakerock22
First trade:
Top ticked AMD! Not the right type tho...overall awful trade, didn't have a plan and risk to reward was nonexistent. Chased this stock mostly because I missed 2 previous fills and didn't wanna risk missing the breakout, but as soon as I got in I knew I was in trouble. Next time, every time, I will be sure to know where my stop is going to be BEFORE I enter, not when I'm in he trade which only leads to an emotional mess.
Second trade:
Regained my composure and learned from my previous mistakes and got back into AMD when it held the .34 support area and started to test that .55 level. I was anticating a breakout about the previous .65 high but it failed once again so I got out of this position for a small winner; more importantly, I gained confidence back after the previous bad trade in AMD. In hindsight, I should have considered getting short next since it was a double top setup.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-07-26 09:40:00 | AMD | buy | $15.650 | long |
| 2017-07-26 09:49:33 | AMD | sell | $15.450 | long |
| 2017-07-26 09:53:31 | AMD | sell | $15.370 | 0 |
| 2017-07-26 10:24:13 | AMD | buy | $15.470 | long |
| 2017-07-26 10:38:56 | AMD | sell | $15.540 | 0 |
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