Shared by
SchubyTrades
TRADE/SETUP/BIG PICTURE
WANTED TO SHORT THE BOUNCE VS YESRDAY HIGH, DAILY SUGGESTS A RED DAY TODAY ON AMC
ENTRY/SIZING
STARTER SIZE PRETTY EARLY, FORCING THE TRADE, ADDING INTO A LOSER , STRONG CONFIDENCE THAN 8.2 WOULDNT BREAK BASED ON YESTERDAY ACTION AND VOLUME , PROBLEM IS THAT I SIZED IN TOO SOON, AND GOT UNDER WATER, A LITTLE MORE PATIENCE (shorting 8 level) would have given me a way better oportunity
EXIT
exit almost break even small loss
RISK MANAGEMENT
PROCESS EXECUTION
bad, shoulf have waited my level and not force it. i got unconfortable right at the beggining of the entry and held and hoped.
what i did wrong : forcing the trade, adding into loser, didnt have enough patience to wait a more obvious $8 dollar level for a short with 0.2 risk.
what i did right : took the small L when price reached Break even zone to not mess the day.
TAGS : EDGE/SETUP/ENTRY/SIZING/EXIT/RISK MANAGEMENT/RIGHT-WRONG/PROCESS RESPECT/GRADE
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-11-15 09:43:29 | AMC | sell | $7.580 | short |
| 2022-11-15 09:52:51 | AMC | buy | $7.580 | 0 |
| 2022-11-15 10:08:31 | AMC | sell | $7.700 | short |
| 2022-11-15 10:19:51 | AMC | sell | $7.830 | short |
| 2022-11-15 10:32:15 | AMC | sell | $7.920 | short |
| 2022-11-15 11:18:01 | AMC | buy | $7.870 | 0 |
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