One of those stocks that you watch
Open
- Flipped my position on the break below the opening candle to make a lower low + saw huge orders sitting on the bid. The price action rejected off the break down and came up to the VVWAP again. Noticed the price action was chopping out, got out and decided I needed to take a step back to watch the market pick a side.
Reflection
- 3 indicators? Yes, first entry called for, took the flip on a lower low break + big bids.
- Scaling? no.
- Partials? no.
- Risk management? Stop loss was at the VWAP, the price action rejecting off the low of the level which wasn't a positive indication to the downside resolution, felt it was fine to get out instead of letting the price action run a bit above the VWAP.
- What went right/wrong? trade idea valid + trade execution called for.
- Successful trade? Yes, traded the technicals + emotions in check.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-18 09:31:36 | TSLA | sell | $252.560 | short |
2023-12-18 09:32:55 | TSLA | buy | $253.690 | 0 |
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