One of those stocks that you watch
Open
- Watching AMD for the HOD break. took first entry on it breaking, the price action did not break up the minute after, I waited for the possibility of the price holding around that level and then opening a new 5 minute candle at the HOD or above it. The trade rejected and came down to approach the bottom of the range. Wonky price action, got out.
Reflection
- 3 indicators? Yes, first entry called for. The HOD had been tested twice before my entry.
- Scaling? NO. no confirmation.
- Partials? No, rejected.
- Risk management? Out on the rejection on it closing as a doji.
- What went right/wrong? Trade idea valid, proper entry and risk management. Minor loss. Shook it off.
- Successful trade? Yes, emotions in check. Traded the technicals.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-17 10:07:20 | AMD | buy | $120.130 | long |
2023-11-17 10:10:08 | AMD | sell | $119.750 | 0 |
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