Shared by
Ihor_Horovenko
Thesis: Was not in my premarket plan but I saw @Gbay mentioning of some criminal investigation. Was planning to play the consolidation above the opening high setup.
Stop: Placed my stop-loss below 09:39 candle initially, but then adjusted my stop due to overloaded position size.
Entry: I have entered position when the consolidation breakout candle closed.
Targets: 1to3 + trailing stop loss after.
Breakeven point:-----
Profit taking: -----
Comments: My size was very big and I had to decrease it immediately after I have entered the trade. There had to be no time for thinking and I am glad that I was able to do that. My next main mistake was to wait to much for the stock to continue breaking above the consolidation. I had to use the standard practice of adjusting my stop loss at breakeven point for the remaining part of my position to get out.
Lessons: Follow the rules and don't switch to stocks with negative news for taking long setup. I should have sticked to $GPS stock and continue attempting playing it on the long side.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-11-17 09:40:02 | AMAT | buy | $147.890 | long |
| 2023-11-17 09:40:03 | AMAT | buy | $147.890 | long |
| 2023-11-17 09:40:58 | AMAT | sell | $147.160 | long |
| 2023-11-17 09:49:42 | AMAT | sell | $147.180 | 0 |
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