Shared by
Ihor_Horovenko
Thesis: After initial failure, I decided to wait for up to 15 minutes and see if the stock was able to break through the HOD.
Stop: I placed my stop-loss below the last 2 bars and quickly adjusted it after the BO bar closed at the new HOD/ATH.
Entry: I have entered a position at the moment of BO with LMT order as usual.
Targets: 1-1.2, but switched to partial taking profit due to abnormal strength.
The breakeven point is set after 2 minutes in the trade.
Profit taking: partially performed based on RR calculations and levels.
Comments: it would be beneficial to use a 2m trailing stop loss and leave 25% of the position to fly higher.
Lessons: Watch Lance B's approach.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-02-12 10:44:20 | ARM | buy | $131.020 | long |
| 2024-02-12 10:46:48 | ARM | sell | $131.870 | long |
| 2024-02-12 10:47:13 | ARM | sell | $132.740 | long |
| 2024-02-12 10:49:53 | ARM | sell | $132.960 | long |
| 2024-02-12 10:50:27 | ARM | sell | $134.020 | long |
| 2024-02-12 10:51:07 | ARM | sell | $133.350 | 0 |
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