AMD Trade on Feb 12, 2024 10:01 from Trader_DK88-Andrew_BOWS: Tradervue User Stock Trades.

Improvements:

1. This was a counter trend trade and an entry that was based on the loss of the daily vwap.
2. The stock had a very strong opening drive to the upside and set the opening range high for the session.
3. The stock then had a long and extended pullback down into and then below the daily vwap.
4. The pullback was over 61.8% Fib retracement from the low to high of the opening drive range.
5. These two facts, for me, added to the weight that the stock had a great chance of going lower than pushing higher.
6. Therefore I developed a short bias and started to stalk for a trade setup and entry to the short side.
7. The stock pushed up into the daily vwap and was held at the previous sideways consolidation at the 174.50-level.
8. The stock made a second attempt to push higher and was rejected at the 174.50-level.
9. The stock then had a hard down move and I entered short.
10. The stock moved higher and I had set a second order in the break of the original price entry.
11. The order was filled and then immediately reversed.
12. I had some issues with managing two separate open orders and so only the 2nd order that got filled was stopped out.
13. My intention was for bother orders to be stopped out.
14. In any case, I moved the second stop order down closer into the price action and it too was stopped out on the next push higher.
15. Here I needed to be thinking to move the profit order up closer to the entry area and let it be filled.

Range chart:

Notes:

• The trade was low value in that there was not a clear and definite signal for the loss of the vwap.
• Good stop management to have the stops move down quickly once the PA wasn't working in the trades favor.

Actions:

Trade Technical variables:-

ATR:
Rvol:
AVol:
Beta:
Short:
Float:
Ins. Own:
WIC:
VWAP: