NVDA Trade on Dec 5, 2023 09:34 from Dandres: Tradervue User Stock Trades.

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Dandres

 

One of those stocks that you watch

Open
- AH just as I was keeping disciplined and focused. Scaling violation! Took two entries back to back without waiting on confirmation on the second. I definitely would have still taken a loss but at least it would have been a loss after I had followed my rules! Broke back into the consolidation, this was a red flag, didn't get out until the top of the consolidation range, not good.
Reflection
- 3 indicators? Yes, first entry called for, the price action had come down to the bottom of the range and closed there. Second entry was way too hasty.
- Scaling? First ok, second not called for, probably was looking at some momentum play but safe bet was to wait for the price action to hold and give me candle close and lower level break.
- Partials? No.
- Risk management? Two entries back to back, larger position that I should have had at that point + should have been an all out on the break into the range.
- What went right/wrong? Trade idea was valid but the scaling was hasty + the stop loss was not set correctly.
- Successful trade? No. Technicals not in place, risk not appropriately set, scaling not set and emotions probably not in check.


Execution detail:

Date/time Symbol Side Price Position
2023-12-05 09:34:35 NVDA sell $453.350 short
2023-12-05 09:34:52 NVDA sell $452.810 short
2023-12-05 09:36:48 NVDA buy $455.450 0


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