AAPL Trade on Nov 8, 2023 09:53 from Dandres: Tradervue User Stock Trades.

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Dandres

 

One of those stocks that you watch

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- Trading AAPL at the break of the 183.2 level. First entry on the initial break, second entry on a higher level AND on a new 5 minute candle. Price action rejected and came back into the level, my mistake was not following my consolidation break rules here.
Reflection
- 3 indicators? Yes, first entry called for. Range break, higher levels, candle closings, volume.
- Scaling? Yes, technically called for.
- Partials? No, rejected.
- Risk management? Horrible. The feeling of fearlessness here was actually just carelessness. Fearless is not carelessness, its acceptance of the trade I put up by knowing I followed the signals. I did not follow the get out signal here. Here I would typically consider getting out at the break of the 183.2 level since its breaking back into the range, my stop loss would be around 183 to give it some wiggle room. The bottom of the range is too far and unnecessary.
- What went right/wrong? Entry indicators good. Get out indicators, I ignored. Terrible mistake resulting in a loss that could have been much smaller.


Execution detail:

Date/time Symbol Side Price Position
2023-11-08 09:53:17 AAPL buy $183.310 long
2023-11-08 09:55:08 AAPL buy $183.400 long
2023-11-08 10:00:41 AAPL sell $182.840 0


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