One of those stocks that you watch
Open
- Watching NVDA at the open, it was moving sideways giving these levels but at some point it did a huge retract retest not he third candle, I let it close to confirm the retraction and took a first entry to break the upside of that range. The price action rejected immediately after, thought it might be another retraction into another upside explosion but then the price action opened lower and made a lower level break, trade idea was rejected at that point. Out on the break to the bottom of the consolidation range.
Reflection
- 3 indicators? Yes, first entry called for.
- Scaling? No, the price action did not resolve to the upside, got out.
- Partials? No. Rejected.
- Risk management? Got out on the price action coming down to the bottom of the range, idea rejected.
- What went right/wrong? Trade execution and idea was valid.
- Successful trade? Yes, emotions in check BUT I was doing something else when I should have been 100% focused on the moment of the trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-05 09:33:03 | NVDA | buy | $455.500 | long |
2023-12-05 09:34:11 | NVDA | sell | $454.000 | 0 |
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