Shared by
Ihor_Horovenko
Thesis: One of the weakest stocks intraday with market internals indicating short. Extended consolidation at the LOD below the previous major LOD. Rvol was 5.3+
Stop: Placed my stop-loss above the last two candles.
Entry: I have entered the position
Targets: 1=1 and it was reached.
Breakeven point: set after 2 minutes.
Profit taking: done with LMT order.
Comments: I was waiting for this setup like a hunter in the bushes:) It's great that I have placed my profit-taking order in advance.
Lessons: Learn more about these consolidation types.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-02-02 13:12:03 | CHTR | sell | $321.980 | short |
| 2024-02-02 13:16:48 | CHTR | buy | $321.050 | 0 |
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