One of those stocks that you watch
Open
- Price action seemed strong on the reversal off the VWAP. Took first entry at the top of the range. Second entry on the higher candle break (good volume too). Trade moved sideways, held to watch the level hold above the mini consolidation at the top of the range, rejected and broke it, out on the break of the mini consolidation. Minor loss.
Reflection
- 3 indicators? Yes, first entry on the break into the top of the range.
- Scaling? Second entry on the candle break higher.
- Partials? no.
- Risk management? Out on the price action breaking the mini consolidation, didnt need to hold out until the VWAP, at this point the market sentiment showed obvious support of the downside direction.
- What went right/wrong? Trade idea and management. Out on the break of the consolidation, did need to hold out to my stop loss.
- Successful trade? yes, traded the technical + emotions in check.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-11 09:40:50 | M | buy | $20.270 | long |
2023-12-11 09:41:55 | M | buy | $20.310 | long |
2023-12-11 09:47:51 | M | sell | $20.210 | 0 |
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