One of those stocks that you watch
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- So this trade was nice and poorly executed and 100% fault on my emotions, expecting a bigger win than what the opportunity the market had presented me in the moment. Trade resolved, i let it break even like a fool.
Reflection
- 3 indicators? Yes the price action had given two bounces off the previous day high close. First entry after the second bounce.
- Scaling? Second entry on the break out of the range it was trading it at the bottom.
- Partials? No, fool! Partial at VWAP and the rest on the way down with the reversal candles, its clear as day! Expectations blinded the opportunity and made me expect a VWAP beak out.
- Risk management? Partials were called for.
- What went right/wrong? Trade management was terrible, could have been a nice win, the expectations got in the way!
- Successful trade? No senor. nice entries with good reason yes but ultimately the trade management was clouded by unrealistic expectations. Unrealistic because the market is upredictable so how could i EXPECT to be 100% right? I cant. Error here was not taking opportunities that WERE presented and BELIEVING expectations in an unpredictable market. Out break even.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-13 10:07:38 | AMZN | buy | $147.780 | long |
2023-12-13 10:11:03 | AMZN | buy | $147.990 | long |
2023-12-13 10:28:03 | AMZN | sell | $147.910 | 0 |
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