One of those stocks that you watch
Open
- Price action was bouncing off VWAP hard and it only made it obvious it wanted to reverse off the VWAP. Took first entry to test the theory. Second entry on the price action reversing and breaking below the previous candle that I let confirm the move. The price action did break down but very very slightly, got out break even on the retract giving higher highs.
Reflection
- 3 indicators? yes, first entry called for.
- Scaling? yes, second entry on confirmation and called for.
- Partials? No. Out break even.
- Risk management? Scaling and entries good, idea valid and let it confirm, rejected and out on break even on the higher highs on the 1 minute chart.
- What went right/wrong? Trade idea valid, risk management valid. I was iffy about the trade bc of the locations of the entry bit the price action looked good.
- Successful trade? Yes, emotions in check and executed this well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-15 09:55:10 | TSLA | sell | $250.070 | short |
2023-12-15 09:58:07 | TSLA | sell | $249.660 | short |
2023-12-15 10:00:03 | TSLA | buy | $249.890 | 0 |
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