AMD Trade on Jun 20, 2023 09:43 from Dandres: Tradervue User Stock Trades.

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Dandres

 

One of those stocks you watch
- Max share size 50, plan b size 40.

Open
- At the open AMD was very strong to the upside. Around 15 mins the price action stared to make a downwards turn to break the VWAP. At a certain break of the VWAP and what seemingly looked like the break of the a smaller consolidation level I took firs short position. Second entry was the even lower level. The third add was at rejection of the VWAP and the downside break of the previous 5 min candle. I was full size at this point. Took my first partial based on my average position size. Which I believe was 1R. Second partial was even further and I just kept taking partials all the way down. I could have held again my last size but I was impatient again.

Reflection
- All 3 indicators: Sim confirmation, volume and levels. It was get in criteria.
- The scaling was called for.
- The first partial was a bit questionable. Could have definitely held it considering the price action was now moving in my favor. My last partial also could have been held for a longer period until I actually started seeing the price action curl up against me.
- All in all a pretty well managed trade.


Execution detail:

Date/time Symbol Side Price Position
2023-06-20 09:43:35 AMD sell $120.480 short
2023-06-20 09:44:59 AMD sell $120.360 short
2023-06-20 09:47:33 AMD sell $120.080 short
2023-06-20 09:50:05 AMD buy $119.800 short
2023-06-20 09:53:16 AMD buy $119.450 short
2023-06-20 09:54:01 AMD buy $119.110 short
2023-06-20 09:55:05 AMD buy $119.020 0


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