Daily setup: Base breakdown, day 2 continuation, poor earnings
Intraday: Green to red
Markets had a super weak day yesterday and gapped up, I figured they would fill the gap and possible continue since they weren't very extended.
I hesitated on the entry here (again today, was not on my game); I watched it fade and go green to red, and entered when it popped back to the MA. Bad idea, if a stock is gonna go green to red and continue it shouldn't really give 2 chances to enter.
Entry: Green to red, late
Stop: Above MAs
Targets: 1:1, every 50c to $1 on the way down
Successes: Good daily setup, daliy market charts agree with setup,
Areas to improve: Late entry, I hesitated at the open and watch the trade "work", I could've at least covered risk. Wait for secondary setup or more layers of probability.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-02-22 09:38:00 | HD | sell | $296.000 | short |
2023-02-22 09:40:00 | HD | buy | $297.240 | 0 |
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