One of those stocks that you watch
Open
- Entry on the break int he VWAP for the second time. Took the entry on the break of the 373.5 level that broke. I was watching a different trade at this time so I wasnt full in on it but the technicals were there. The price action broke down and I let it develop to the downside where it sarted giving some resistance around 372. Took a partial and additionally the price action came back up gradually and retracted about 50% of the move it made. Got out and called it a trade.
Reflection
- 3 indicators? Yes, first entry called for.
- Scaling? No, watching another stock I believe.
- Partials? Took partial at 272, thought the stock might run down even lower to the opening price.
- Risk management? The price action moved up slowly, got out bc it had retracted about 50%.
- What went right/wrong? The trade idea was called for and the price action rejected so I got out.
- Successful trade? Yes. BUT the biggest flag here was really because the volume on this was also low.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-20 10:12:39 | MSFT | sell | $373.680 | short |
2023-11-20 10:22:18 | MSFT | buy | $372.330 | short |
2023-11-20 10:30:08 | MSFT | buy | $373.180 | 0 |
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