AMD Trade on Feb 18, 2020 09:31 from TheDumo27: Tradervue User Stock Trades.

Had AMD on watch with its recent upgrades and volume. Also NVDA was very in play and AMD could move with sector. AMD had an uptrending wedge premarket with a resistance level of 55. At the open it pulled back for a few seconds then ripped through $55 with /ES trading up as well. I entered just after the break at $55.05 with a target of $56. There was a strong red candle from $55.40 back to just above my entry at $55.10. With my good entry price i wasnt tempted to sell yet. There was a consistent push with the bids stepping up continuously. I honestly should have locked profit at the rejection just below $56. With /ES trending sideways with no real movement up or down i felt ok holding through the pullback as long as it didnt start to push back more then half the gain. It started to find support at $55.50. I have noticed that AMD really likes to trade more around the quarter points on the tape. I was seeing some good support on the tape around $55.50 so i added a contract here. /ES started to push again and AMD made its move towards $56 after one more retest at $55. As AMD approached $56 /ES began to slip pretty hard. I was tempted to hold for more but with the market pulling back and it at a good whole dollar resistance point and previous HOD i decided to lock gains. 2 minutes later in ran through $56 but I locked 26% profit with what i feel was a pretty solid trade with a good add in the middle. No hard feeling here at all.

Entries: A
The first entry was well timed at the break of $55 and premarket high. Second add at $55.50 support was a good entry too. I dont think i would have changed anything on my entries.

Exit: B
I should have exited my first entry at the rejection just below $56. In this case the trade worked out but on a friday with time decay maybe not as well or a weaker market it could have pulled back more and gave back all my profit. I need to get better at locking those quick scalp gains. My final exit was decent with the signs from the market but with the momentum the stock had getting there i should have sold 1 contract and left a runner. Not as used to having 2 contracts so just something i need to keep in mind moving forward. Still only trading one contract the majority of the time though.

Emotions: B
Kept my emotions pretty in check and focused on the big picture. Tried to stay away from tunnel vision. I felt a little bad about not locking initial gains but with the support felt good adding. Very happy with the exit as AMD was trading against the market at that point and thats not the most confident moments to sit through and expecting more gains.