Shared by
Ihor_Horovenko
Thesis: Big dog contraction play was noticed shortly after open. Ideal time for potential entry after 10:00. The RVOL was around 0.82 what was slightly less than needed, yet the overall structure was good enough to try.
Stop: Placed my stop-loss below breakout candle.
Entry: I have entered position slightly after the breakout candle closed due to concerns of the likelihood of the setup to work off.
Targets: For the targets I had intention to hold till at least reaching highest point of contraction with constant SL adjustment. Ideal case scenario would be to see MM after breakout.
Breakeven point: SL was not adjusted due to stopped out earlier.
Comments: pissed me off so much! How the fuck is it possible to be stopped out where the tape did not go?
Lessons: be prepared for unpredictable.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-11-01 10:15:01 | NFLX | buy | $417.500 | long |
| 2023-11-01 10:15:13 | NFLX | buy | $417.460 | long |
| 2023-11-01 10:18:30 | NFLX | sell | $416.620 | 0 |
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