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kodyshepherdpersonal

AMD correction trade results and future short trade setup

Short
Advanced Micro Devices Inc (NASDAQ:AMD)  
kodyshepherdpersonal Updated   
NASDAQ:AMD   Advanced Micro Devices Inc
Chart Patterns Technical Indicators Wave Analysis
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chartpattern indicator waveanalysis
Had 3 successful short trades on AMD totaling $334. Trade setups were scoped out on the 1m,5m and 30m timeframes.
Comment:
Re-entered at top of bearish pennant and caught the break down with a 147 put. Kept entry size small as the PA pushed me into the trade earlier in the day than I wanted.
Trade active:
Comment:
Trade active:
Comment:
The 150 call profit capped my max loss to 66 dollars on the 147 put. So, I'm going to let put ride until around the end of the day and see if I can catch a PM fade.
Comment:
1. still holding the bag on the put from yesterday
2. Re-entered on 155 puts on the thesis that 1 more pullback is coming before the eventual break out

snapshot
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