Thesis: $RIVN reported loss of 33k per every vehicle sold. Was stopped out form first trade, so gave it a second chance once saw contraction breakdown.
Stop: 2 cents above breakdown candle.
Entry: I have entered position on a pullback to have better RR ratio.
Targets: contraction low + measured move (height)
Breakeven point: after reaching 1st target.
Comments: Amazing trade.
Lessons: Should be 10x times bigger. Seriously, this is inappropriate.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-10-03 10:35:50 | RIVN | sell | $22.370 | short |
2023-10-03 10:35:51 | RIVN | sell | $22.370 | short |
2023-10-03 10:38:32 | RIVN | buy | $22.240 | short |
2023-10-03 10:41:36 | RIVN | buy | $22.200 | short |
2023-10-03 10:49:33 | RIVN | buy | $22.150 | short |
2023-10-03 10:53:04 | RIVN | buy | $22.040 | short |
2023-10-03 11:00:28 | RIVN | buy | $22.050 | short |
2023-10-03 11:07:09 | RIVN | buy | $22.130 | 0 |
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