AMD Trade on Feb 12, 2024 10:25 from Trader_DK88-Andrew_BOWS: Tradervue User Stock Trades.

Improvements:

1. This was a trend continuation trade with an entry on the break of consolidation after the remount of the daily vwap.
2. The prior short side trade on the daily vwap had failed.
3. Clearly the stock was not looking to break down and the overall market was still holding up.
4. The stock had pushed up above the daily vwap and then put in a fresh higher-low under the vwap.
5. It was at this point the stock printed/completed a double-bottom pattern on the 174.-level that gave me the confidence the buyers were stepping up and defending this area.
6. I had contemplated placing an entry at the 174-level however I was not overly confident and waited.
7. I went long on the break of the neckline of the double-bottom.
8. At this point I had set my profit target to the 176-level.
9. Using a more methodical approach I used the 2-min rule to trail the stop behind the price action.
10. The stock pushed through the 175.level and then pulled back, my stop order was just below the 174.700-area which is where the pullback was held.
11. The stock then slowly grinded higher and I moved the stop up from below the PA.
12. Watching the tape as the PA came into the 176-level I could NOT SEE any large orders OR orders coming into the 176-level.
13. This reduced my confidence in the stock hitting that level however I held it there.
14. The stock nickled-and-dimed me in that it topped out 175.96-level, 4c below the stop order before it reversed off the level

Notes:

• Overall a well managed trade in terms of trade identification, trade entry and profit harvesting.
• The missing the profit harvesting order by 4c is disappointing however it was a well managed trade in moving the stop up behind the PA and realising this may occur and being prepared for it.

Range Chart:

Actions:

Trade Technical variables:-

ATR:
Rvol:
AVol:
Beta:
Short:
Float:
Ins. Own:
WIC:
VWAP: