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kodyshepherdpersonal
Nov 23, 2021 4:57 PM

AMD correction trade results and future short trade setup Short

Advanced Micro Devices, Inc.NASDAQ

Description

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

Comments
Motrades
Do you think this test 149-150 next week. I have DEC 17 130P got it yesterday at 153. Need 150 at least next week to break even on my entry.
kodyshepherdpersonal
@Motrades, Thats exactly what I'm thinking. I just posted a new idea along those lines

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