M Trade on Dec 11, 2023 09:33 from Dandres: Tradervue User Stock Trades.

• Catalyst on macy, 5.8 bil offer to go private. Offerer believes company undervalued. Planned the trade premarket.

Open
- Watching macys, moving insignificantly at the very open, huge break down that retracted the candle after, positive indicator of a possible break up to the 20.9 target. Took a first entry, second entry on the price action holding the level then breaking up higher on the 1 minute chart. Stop loss below the VWAP. Price action moved sideways for quite a bit, rejected and broke down below the VWAP. Stopped out.
Reflection
- 3 indicators? yes, first entry called for.
- Scaling? Second entry on the higher candle break and close.
- Partials? no.
- Risk management? Out on the rejection and break below the VWAP.
- What went right/wrong? Trade idea was valid, had the trade planned out in the premarket. Unfortunately rejected.
- Successful trade? Traded the plan, entries on the technicals, emotions in check, followed the stop loss. yes.