Shared by
walden
Saw a breakout from the bottom on RBLX. Stock was weak pre-market, almost the only thing in red. When I saw a big bullish breakout candle. at the bottom I went long and scale out at the top. It formed a double bottom then the big and slow grind to re-fill the gap happened, which I missed and spent my time on bloody AMD.
What I did Right: The concept is right. Large breakdown on 2Q22 result, but July numbers actually saw some improvement in bookings and user engagement.
What I did Wrong: When the real rally happens, I missed the big picture and was just scalping due to my loss at AMD.
Where I could improve: Choose a better stock in play.
Trade grade: D.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-08-10 09:13:50 | RBLX | buy | $44.250 | long |
| 2022-08-10 09:16:43 | RBLX | sell | $44.570 | long |
| 2022-08-10 09:17:41 | RBLX | sell | $44.590 | 0 |
| 2022-08-10 09:43:36 | RBLX | buy | $43.670 | long |
| 2022-08-10 09:44:23 | RBLX | sell | $44.150 | long |
| 2022-08-10 09:46:01 | RBLX | sell | $44.262 | long |
| 2022-08-10 09:47:27 | RBLX | sell | $43.470 | 0 |
| 2022-08-10 10:34:56 | RBLX | buy | $43.980 | long |
| 2022-08-10 10:35:45 | RBLX | sell | $43.880 | 0 |
| 2022-08-10 10:47:39 | RBLX | buy | $44.330 | long |
| 2022-08-10 10:48:59 | RBLX | sell | $44.190 | 0 |
| 2022-08-10 11:06:42 | RBLX | buy | $45.040 | long |
| 2022-08-10 11:07:50 | RBLX | sell | $45.140 | 0 |
| 2022-08-10 11:41:09 | RBLX | buy | $44.620 | long |
| 2022-08-10 11:43:13 | RBLX | sell | $44.660 | 0 |
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