Initial Risk on the trade 20cts
I took the breakout play on AMZN at 108.2, the set up worked well but i need to improve the execution. I was calm during the trade but as it was straight out of the open i was very alert to any changes in direction. I seen that above 108.6 there was some selling happening and thought the price was going to reverse, so i took all my profit. However the price went to 109.20 so i had a $ to play the set up. I could have kept the last 25% of the position on until the 109. I think i was not clear enough on my reasons2sell and i must be more specific on profit target.
Overall a good trade which can be scaled up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-04-24 09:34:20 | AMZN | buy | $108.150 | long |
2023-04-24 09:34:57 | AMZN | sell | $108.560 | long |
2023-04-24 09:35:16 | AMZN | sell | $108.580 | long |
2023-04-24 09:35:34 | AMZN | sell | $108.680 | long |
2023-04-24 09:36:50 | AMZN | sell | $108.570 | long |
2023-04-24 09:36:50 | AMZN | sell | $108.570 | long |
2023-04-24 09:36:50 | AMZN | sell | $108.560 | 0 |
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