Shared by
Goku_BOWS
Daily Setup: Pullback to support, trend continuation. I had been watching for a pullback to $20 for entry, Didn't quite get there so I was looking for another entry.
Intraday: Flag, pullback to support. Huge momentum off the open, missed that opportunity so I waited for a pullback. It pulled back to the 9ema/VWAP and started to bounce. I entered with the break of the inside 5. Last trade was a bit of fomo, hot sector, big runner, pulled back to MA on 15.
Entry: $29.30 - added more when that level seemed to hold (wrong)
Stop - pivot low (arguable incorrect as well), I used an inside 5 for an entry and the low of that 5 should've been my stop. I used the pivot to give it more room to work.
Targets: 1:1 (22.80), 23, sell into extensions.
Result: Stopped entire position
Successes: Clear entry setup, not highest quality, but at least a clear level to trade
Areas to Improve: Correct stop, correct target (I would've gotten 1:1), risk skew based on quality (smaller size due to quality of trade), recognize fomo and use setups to battle; no setup, no trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-02-14 10:02:00 | AI | buy | $22.300 | long |
| 2023-02-14 10:05:00 | AI | buy | $22.320 | long |
| 2023-02-14 10:34:00 | AI | sell | $21.840 | 0 |
| 2023-02-14 10:40:00 | AI | buy | $21.720 | long |
| 2023-02-14 10:45:00 | AI | sell | $21.560 | 0 |
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