Shared by
TheFrenchTrader
Initial Risk on the trade 20cts
I wanted to pick up this reversal trade as market was weak and AMD closely follow the Nasdaq move, while it works i am not pleased with the execution:
1. My entries were not good. I went a bit too soon, and the clear better entries were around 94.25 which is the top of the consolidation range.
2. My 1st exit was VWAP for 20%, another 20% at 93.75 and then the next exit needed to be 93.5 which saw earlier support
My last PT was at 93.31 but it was not picked up, lowest print was 93.38. I exited at 93.71 thinking we would fully reclaim VWAP.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-03-28 10:22:14 | AMD | sell | $94.110 | short |
| 2023-03-28 10:23:07 | AMD | sell | $94.180 | short |
| 2023-03-28 10:23:10 | AMD | sell | $94.250 | short |
| 2023-03-28 10:29:11 | AMD | buy | $94.040 | short |
| 2023-03-28 10:29:11 | AMD | buy | $94.040 | short |
| 2023-03-28 10:30:34 | AMD | buy | $93.910 | short |
| 2023-03-28 10:30:56 | AMD | buy | $93.810 | short |
| 2023-03-28 10:31:28 | AMD | buy | $93.600 | short |
| 2023-03-28 10:33:07 | AMD | buy | $93.530 | short |
| 2023-03-28 10:42:12 | AMD | buy | $93.710 | 0 |
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