Shared by
Ihor_Horovenko
Thesis: $AMZN was one of the weakest names in $QQQ with accelerated selling character.
Stop: Placed my stop-loss above the last 2 candles.
Entry: I have entered the position at the moment breakdown with LMT order.
Targets: 159 level.
Breakeven point: -----
Profit taking: performed near the level.
Comments: RVOL was around 0.98 at that time.
Lessons: Lower RVOL can be used for short more easily. Nonetheless, position sizing should be decreased up to a maximum of 10% of DSL.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-01-30 12:21:09 | AMZN | sell | $159.310 | short |
| 2024-01-30 12:23:10 | AMZN | buy | $159.048 | short |
| 2024-01-30 12:23:11 | AMZN | buy | $159.040 | 0 |
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