NVDA Trade on Nov 22, 2023 09:40 from Dandres: Tradervue User Stock Trades.

One of those stocks that you watch

Open
- After NVDA rejected, watching the price action to see whether it would break back into the opening consolidation range and then come right back up or break down further past the range OR just continue to consolidate in the range again like it did this morning. The price action was very strong to the downside, watched it come down to the bottom of the consolidation range from the morning, took first entry. Noticed I was in the very beginning of the new 5 minute candle so I needed to see the price action hold OR develop to the downside before scaling in again. The price action retracted closed, came back to test the bottom of the range closed, then opened on the new 1 minute candle BELOW the range and I took my second entry. Price action dropped, took quick minor partial at 1R to secure some gains, let the rest run to the daily levels. All out when it hit my target.
Reflection
- 3 indicators? Yes, first entry called for.
- Scaling? Second, entry called for and on confirmation. Good.
- Partials? Yes on the break down and towards the target.
- Risk management? Scaling was the major part of my risk management plan, just making sure the price action was giving me supporting indicators.
- What went right/wrong? Trade idea was valid, trade execution was valid too.
- Successful trade? Yes, emotions in check and traded the technical.

• Only note I have for this trade is that... if it was winning why not hold on to part of my position until I got a reversal indicator? I was possibly eager to secure the gains so thats something to note for next time.