One of those stocks that you watch
Open
- AMD on the opening range. First entry on the bottom of the consolidation range in the opening 10 minute range. Took second entry on new 1 minute candle open. The price action broke down but rejected and came back up the minute after into the range. This should have been my signal to get out but I let it trade for another minute and got out at the opening of the new 1 minute candle after the 10 min opening range. The price action did not sustain and I got out.
Reflection
- 3 indicators? Yes, lower levels forming on the 1 and 5 minute chart. 3 indicators present.
- Scaling? Yes, called for.
- Partials? No, the price action did not break down enough to take the trade, was looking for a possible break down to the low of the premarket.
- Risk management? Got out after is sustained the break back into the bottom of the range.
- What went right/wrong? Trade was fine, well managed, minor loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-03 09:38:31 | AMD | sell | $108.310 | short |
2023-11-03 09:39:27 | AMD | sell | $108.170 | short |
2023-11-03 09:42:07 | AMD | buy | $108.380 | 0 |
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