AAPL
Execution
Shorted the low after seeing the previous candle reject the VWap and got in as the next candle closes as a shaved bottom candle. Go out of one contract at 10% and the other as the pullback happened because it wasn’t necessary to hold through the pullback.
Review
Should’ve entered the second i saw the high tail rejection on the Vwap and the tape filled with sellers and the bid thinning.
Psychology
I mentally cut the second contract too quick, i was scared of going red. I also should’ve exited both contracts as i saw it was extended if i was conscious of the fact I didn’t want to hold through he pullback.
AMZN
2. Shorted as the retest fails and the h pattern starts to form.
Execution
- Shorted as the large candle closed as a breakout candle. I got scared as it popped up and cut it at a 10 dollar profit. if I held for another 10 seconds it would have been green a hundred without even including the move after the retest.
- Shorted a I saw the next candle break the low of the candle in the retest setup. I got out at 5% on a Friday which isn’t good. I should’ve held following my plan better.
Review
- Might be better to wait a little bit after such a large breakout candle to wait for a pop then short as it comes back down. Normally large breakout candles which are too obvious can be fake outs but this normally happens after an extended move.
- Very good overall could’ve added over as the h pattern broke.
Psychology
- First trade i let fear get to me as it popped up i wanted to stop out while I should’ve of known after a breakout candle there normally is some type of move up or a retest before a move down happens. This fear lead me to cut way too soon.
- This trade was good but i took profits too soon because i was too concerned on being green for the day. I should’ve have let the trade run.