Shared by
Trader_DK88-Andrew_BOWS
Improvements:
- Added in an extra tier on the return to the entry of the trade and push into higher.
- Took the 2nd tier off at 1.68R as it pushed higher as a precaution on the stock stalling and reversing.
- Second tier was targeted for harvesting at the 143-level with a stop order trialing up behind the PA.
- Using the 2-min rule the stop was moved up to the 2-min candle and was stopped out before the second profit target was reached
- While in the trade used measure move to determine area for potential second tier profit harvesting.
Range chart:
Range chart showing the trade mechanics of where I had entered the trade, where I added into the trade and where I had taken profits.
Clearly from the chart it can be seen I hit out of the trade way too early and left too much $ on the table.
I highlight how the stock stair steps its way to the 147-level making clear methodical higher-lows the whole way up.
Clearly from the chart it can be seen I hit out of the trade way too early and left too much $ on the table.
I highlight how the stock stair steps its way to the 147-level making clear methodical higher-lows the whole way up.
https://prnt.sc/u4qsmlZcyX89
Notes:
- Very disciplined trade in terms of initial entry and holding the trade
- Great move in adding second teir on the momentum push to the upside & profit harvesting locking in at the 1.5R location.
https://prnt.sc/GdWvkHbbT8Kz
Actions:
Trade Technical variables:-
ATR:
Rvol:
AVol:
Beta:
Short:
Float:
Ins. Own:
WIC:
VWAP:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-01-08 09:38:28 | AMD | buy | $141.770 | long |
| 2024-01-08 09:40:04 | AMD | buy | $141.840 | long |
| 2024-01-08 09:42:31 | AMD | sell | $142.730 | long |
| 2024-01-08 09:43:40 | AMD | sell | $142.320 | 0 |
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