Shared by
Ihor_Horovenko
Thesis: $AAPL does not look good on big picture + testing 200EMA on 1D TF + new FineWoven cases received bad response from the market. The stock is much belongs to much weaker group of tech stocks. Waiting for premarket low and prior day low to be broken down to initiate short position with intention to hold till 170.00-170.40 zone (defined interest on 30m-4h TF).
Stop: Placed my stop-loss above breakdown candle at 171.75 level.
Entry: I have entered position at the close of breakdown candle. Had to be faster but my streamdeck start to lag. Two entries with 1/2 (25 shares) T1 size.
Targets: 170.00-170.40
Breakeven point: after reaching 1to1 RR ratio the stop loss was adjusted to breakeven point.
Comments: Size had to be increased in future trades to fit at least 0.1% of daily stop risk.
Lessons: Watch the tape more to be more efficient in terms of holding bigger part of the core position till the very end of the move.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-09-27 09:58:06 | AAPL | sell | $171.640 | short |
| 2023-09-27 09:58:08 | AAPL | sell | $171.580 | short |
| 2023-09-27 10:00:58 | AAPL | buy | $171.390 | short |
| 2023-09-27 10:03:00 | AAPL | buy | $171.120 | short |
| 2023-09-27 10:04:45 | AAPL | buy | $171.210 | short |
| 2023-09-27 10:07:05 | AAPL | buy | $170.920 | short |
| 2023-09-27 10:10:10 | AAPL | buy | $170.850 | short |
| 2023-09-27 10:12:50 | AAPL | buy | $170.640 | short |
| 2023-09-27 10:14:56 | AAPL | buy | $170.440 | short |
| 2023-09-27 10:18:50 | AAPL | buy | $170.520 | 0 |
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