NVDA Trade on Sep 14, 2020 09:45 from Musteno802: Tradervue User Stock Trades.

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Musteno802

 

Ok, so TraderVue has made some changes and I don't like them. But whatever. I took two trades here. The first I was trading on FOMO after seeing the rise and hearing all the calouts in the room. I got in long and then got out because I really didn't like the setup. Made 16.00 at least on that one, but it was a bad trade.

The second trade I was proud of. I've been using the RAF indicator as an inverse of the Squeeze Pro/TDG combo setup. When I saw that I didn't like NVDA I used the RAF to determine buying exhaustion. The internals were supporting the downward move, so I hopped in once the indicator showed we would most likely revert to the mean and I had confirmation of two candles with lower highs and lower lows. My entry was excellent, A+. My exit was not. Entry was made on the 5 min chart after two confirmation candles and a break below the 527 trigger. I held until we were just above the 15MA and felt that was a good exit. Premiums were moving fast enough back to the upside at the time as it was trying to come back that I took my gains and got out. Not a huge move but well played I thought. The only thing I could have done differently, and this is looking backwards, is held on to see if we dropped lower. I hadn't really had a reason to sell other than hitting a target number, but the trade was still not showing a sell signal. If I had waited till a good sell signal I would have caught about 5 more points to the downside. Sizing was very small here as I am using some newly developed tools and I'm testing them. This trade was a very successful test.


Execution detail:

Date/time Symbol Side Price Position
2020-09-14 09:45:02 SEP18 20 600 CALL buy $2.940 long
2020-09-14 09:45:44 SEP18 20 600 CALL sell $3.100 0
2020-09-14 10:32:05 SEP18 20 500 PUT buy $5.700 long
2020-09-14 10:47:52 SEP18 20 500 PUT sell $7.050 0


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