Thesis: consolidation above the opening high. Potential breakout was expected. From premarket, buyers were controlling the price due to it was already above VWAP anchored to the moment of yesterday selling.
Stop: Placed my stop-loss below the breakout candle.
Entry: I have entered position once the breakout candle closed above the consolidation highest point for the last 5 minutes.
Targets: at least 1to1. Ideally 1to3.
Breakeven point: was set after 2m.
Profit taking:-----
Comments: stoped out as a result of price reversal into adjusted stop loss order.
Lessons: Very good. Standard practice.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-21 09:37:02 | AI | buy | $29.890 | long |
2023-11-21 09:37:03 | AI | buy | $29.850 | long |
2023-11-21 09:37:05 | AI | buy | $29.880 | long |
2023-11-21 09:37:06 | AI | buy | $29.880 | long |
2023-11-21 09:39:10 | AI | sell | $29.950 | 0 |
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