One of those stocks that you watch
Open
- Watching this at the opening bell, the price action omg AMD was showing a resistance around 121 that was tested in the opening 5 minutes. took a first entry on the break towards 121 again and on the new 5 minute candle. Price action retracted to 120.5 and came back up for additional confirmation of the level, took my second entry for a break out to the upside. Got out on the level not breaking out on that very supporting indicator + a trade on TSLA was looking good in this moment. Got out to free the capital.
Reflection
- 3 indicators? Yes. First entry called for.
- Scaling? yes, second entry on the new 5 minute candle opening after the opening range and coming back up to 121 to the break.
- Partials? no. got out.
- Risk management? Scaling was appropriate and trade idea was valid.
- What went right/wrong? Trade idea was good and trade was good.
- Successful trade? yes. overall successful.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-14 09:36:05 | AMD | buy | $120.880 | long |
2023-11-14 09:41:42 | AMD | buy | $120.960 | long |
2023-11-14 09:42:52 | AMD | sell | $120.830 | 0 |
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