Shared by
Goku_BOWS
Daily Setup: RDR vs Friday's low, oversold, over-reaction in strong name
Intraday Setup: Daily RDR
Layers of Probability: Extended into Friday's low, Relatively strong bank name, Mkt indices false break down and back up
Entry:Buy back up through Friday's low
Stop:LOD (could've given more to ensure I didn't get shaken out but I took too much size.
Targets: 1:1, 8ema (5 minute), worked the range, no end target in mind
Thoughts/Thesis/Notes during the trade: $RDR Friday's low, extended into it, w/ very low risk. I did go max risk on it, quick trade idea and started to uptick, quick calc. I could've gone smaller and given more space risk. Need to use LOD now.
got quick 1:1, then added back 1/4, but if it fails I will end up w/ loss. Need to wait for second sell to add-back. Small loss though, come up with rules here. Had add-back limit set at 28.10, missed by 2c but my first sell as 28.15, that is where the add-back should've been. Need to be consistent w/ strategy.
Areas of Success: great add-backs
Areas to Improve: need to have consistent strategy w/ add-backs
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-03-15 10:52:00 | JPM | buy | $127.890 | long |
| 2023-03-15 10:54:00 | JPM | sell | $128.150 | long |
| 2023-03-15 10:55:00 | JPM | buy | $127.790 | long |
| 2023-03-15 10:58:00 | JPM | sell | $128.160 | long |
| 2023-03-15 11:00:00 | JPM | sell | $128.350 | long |
| 2023-03-15 11:31:00 | JPM | buy | $128.350 | long |
| 2023-03-15 11:33:00 | JPM | buy | $128.150 | long |
| 2023-03-15 11:43:00 | JPM | sell | $128.490 | long |
| 2023-03-15 11:47:00 | JPM | sell | $128.740 | long |
| 2023-03-15 12:14:00 | JPM | buy | $128.010 | long |
| 2023-03-15 12:33:00 | JPM | sell | $127.640 | 0 |
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