AMD Trade on Nov 15, 2023 10:29 from Dandres: Tradervue User Stock Trades.

One of those stocks that you watch

Open
- AMD by this point had developed a sideways consolidation between 119 and 118.5. The entry was on the break of the 118.5 range and below the VWAP RIGHT before the closing 5 minute candle which was even better indicators for a break down, good indicators of a VWAP break trade. Got in right before the candle closed and second entry on the new 5 minute candle that opened and broke the previous 5 minute candle low. The price action however did not break immediately and this was a red flag because these were very positive downside indicators, I scaled out of my second entry and held my first entry for a possible sideways consolidation for ultimately a downside retest where I would scale in again. The trade rejected and broke right back into the range and above the VWAP. Got out, idea was nullified now.
Reflection
- 3 indicators? Yes. first entry called for.
- Scaling? Yes, second entry new 5 minute candle and previous candle break.
- Partials? No.
- Risk management? Entries appropriate, level did not break down the way I thought it would, usually it breaks down strongly. Scaled out of my second entry and ultimately took a small loss on the rejection of the trade.
- What went right/wrong? Trade management was on point, sweet.
- Successful trade? Yes, small loss but successful trade. Emotions in check and traded the technicals.