Shared by
Goku_BOWS
Daily Setup: Pullback to support (8EMA)
Intraday: RDR; borke down through yesterday's lows and back up through.
RDR on yesterday's candle, market in, it was upticking fairly nicely, too big. No more new trades on until risk covered here. 400 shares, risk $128, moved for sell closer to cover risk with 3/4 to ensure quick sell and get risk within parameters, per daily plan. Inside candle, looks weak, but broke to the upside. Didn't calculate the 1st target correctly, but worked out to my advantage. Got more than risk covered and stopped with a small gain, even with the slippage.
Layers of probability: Hot sector, Great earnings, pullback to daily MA/gap level
Layers against: market
Entry:RDR of yesterday's low, excellent R/R, lower probability, good entry can cover risk quick and have some for larger move.
Stop: LOD (got slippage)
Targets: cover risk w/ 3 of 4 lots, should have been 24.75, but calculated wrong, got a better price. 5/15 minute trail on last lot, stopped.
Areas of success: Trade planned and executed as planned, excluding miscalculation. Nice adjustment to plan as a result of miscalculation.
Areas to improve: Quicker execution for entry,
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-03-09 09:39:00 | AI | buy | $24.680 | long |
| 2023-03-09 09:47:00 | AI | sell | $24.920 | long |
| 2023-03-09 10:22:00 | AI | sell | $24.280 | 0 |
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