One of those stocks that you watch
Open
- AMD at this point had tested this level 5 different times in this consolidation range and I thought SURELY it would be this time it breaks. First entry on the 119 again. Rejected again... out on the break below 118.75 that it was holding.
Reflection
- 3 indicators? Yes, first entry called for but questionable trade since the price action was chopping up.
- Scaling? No.
- Partials? No.
- Risk management? Probably didnt need to get into this trade at this point because of the chop, BUT i believe in that instant both charts were giving me positive indicators because the 1 minute would appear to be making a break and the 5 minute would also look like it was breaking the previous candle high. Nonetheless, I could have been cautious and let the price action break and close above either end of the range.
- What went right/wrong? Trade idea was ehhh. questionable.
- Successful trade? Not sure, probably didnt need to take this, indicators werent all so convincing. Guess I slipped up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-15 10:55:21 | AMD | buy | $119.140 | long |
2023-11-15 10:57:22 | AMD | sell | $118.730 | 0 |
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