TRADE IDEA - (TREND TRADING, BREAKOUT AND BREAKDOWN, REVERSAL TRADING, MOMENTUM TRADING, GAP AND GO)
PLAY IDEA/SETUP - FLAG BREAKOUT - KEY DAILY BREAKOUT
REASONS TO ENTRY (ENTERED CLOSE TO A SUPPORT/RESISTANCE THAT WAS HOLDING, RECLAIM WICK OFF POINT OF INTEREST) - #1. GOT LONG INTO THIS CONSOLIDATION AS WE FLAGGED RIGHT BELOW A KEY LEVEL AND DAILY DTL
-#2. THINKING OF POSSIBLE SQUEEZE OVERHEAD AND BREAKOUT CONTINUATION HIGHER THROUGH 24.5 HERE
REASONS TO EXIT (EXIT AT SUPPORT/RESISTANCE WALL/EXTENSION, LARGE OFFER, VOLUME DROP OFF) - #1. EXITED A PORTION OUT INTO NEW HIGHS HERE
-#2. SCALED OUT FULL 25% HERE INTO 25 LEVEL
-#3. SCALED ANOTHER 25% HERE INTO 25 BREAK
-#4. GOT FLAT INTO THE UPMOVE INTO 25.2 HERE AS WE GOT EXTENDED AND TRADE WAS RISKIER TO HOLD AT THIS POINT
PT -
MARKET CONDITIONS - #1. NOT IMPACTING STOCK
TAPE (AROUND SIGNIFICANT AREAS) - #1. NICE BREAK HERE AND VOLUME COMING IN THROUGH HOD AND 24.6 BREAKOUT HERE
REFLECTION - #1. NICE CONSOLIDATION AND FLAG BREAK HERE AND WAS REALLY NICE HERE TO CONTINUATION AND DAILY BREAK HERE
MISTAKES (DON’T GET UPSET AT LOSSES, BUT GO BACK REVIEW AND MAKE SENSE OF WHAT WENT WRONG WHY DIDN’T THE TRADE WORK AS YOU EXPECTED IT TO AND ONCE YOU FIND THE SOLUTION YOU WILL FEEL MUCH BETTER) - #1. NLYICE TRADE EXITS HERE, COULD HAVE POSSIBLY ADDED INTO HOD BREAK HERE AROUND 24.6 RISKING OFF 24.5, MOMENTUM LOT ADD
SOLUTIONS -
IS THIS STRATEDGY WORKING OR NOT? PROBLEM? SHAKEN OUT TOO EARLY, RIGHT TRADE WRONG TIME, TOO TIGHT STOP LOSS?
WAS THIS A GOOD SETUP, DID I EXECUTE WELL, DID I FOLLOW MY PLAN, WAS MY MENTAL IN TACT? - #1. NICE TRADE HERE AND LONG FLAG AND CONSOLIDATION HERE
BUILDING A NETWORK / STAYING UP TO DATE WITH MARKET TRENDS, NEWS AND DEVELOPMENTS - EDGE, UNIQUE TRADE STRAT,
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-02-15 10:53:14 | AI | buy | $24.350 | long |
2023-02-15 11:02:50 | AI | sell | $24.770 | long |
2023-02-15 11:03:11 | AI | sell | $24.800 | long |
2023-02-15 11:03:14 | AI | sell | $24.840 | long |
2023-02-15 11:03:17 | AI | sell | $24.850 | long |
2023-02-15 11:05:10 | AI | sell | $24.960 | long |
2023-02-15 11:05:42 | AI | sell | $25.060 | long |
2023-02-15 11:05:52 | AI | sell | $25.080 | long |
2023-02-15 11:05:56 | AI | sell | $25.100 | long |
2023-02-15 11:06:04 | AI | sell | $25.110 | long |
2023-02-15 11:06:52 | AI | sell | $25.200 | long |
2023-02-15 11:07:47 | AI | sell | $25.140 | 0 |
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