TQQQ Trade on Sep 18, 2020 13:31 from dpaleo: Tradervue User Stock Trades.

Shared by
dpaleo

Shares traded: 1600
Closed Gross P&L: $2121.00

Tags:

mkt flush with big -TICK so scalped some longs.

Execution detail:

Date/time	Symbol	Qty	Price	Position
2020-09-18 13:31:39	TQQQ	185	$111.180	185
2020-09-18 13:31:39	TQQQ	600	$111.180	785
2020-09-18 13:31:39	TQQQ	13	$111.180	798
2020-09-18 13:31:39	TQQQ	2	$111.180	800
2020-09-18 13:48:10	TQQQ	-100	$113.250	700
2020-09-18 13:48:20	TQQQ	-100	$113.370	600
2020-09-18 13:54:27	TQQQ	-100	$113.490	500
2020-09-18 13:54:35	TQQQ	-100	$113.680	400
2020-09-18 13:55:16	TQQQ	-100	$113.860	300
2020-09-18 13:58:02	TQQQ	-81	$113.950	219
2020-09-18 13:58:02	TQQQ	-19	$113.950	200
2020-09-18 14:10:48	TQQQ	-100	$114.320	100
2020-09-18 14:25:00	TQQQ	-100	$114.730	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TQQQ&trade=19553326&end=20200918160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TQQQ&trade=19553326&end=20200918143700&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TQQQ&trade=19553326&end=20201018&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275&study1=rsi(14)&study2=atr(14)');}

Comments

CaryPalmer

2020-09-19 00:56:05

Hey man, super curious to follow your trading more closely. I love your style. Anywhere I can find you on social media or anything?

ibrahimahmet123

2020-09-21 07:01:55

Hey there,

really good trade, anyway you can explain a little further how you were able to call the bottom on that chart like that? Really impressive.

Cheers

dpaleo

2020-09-21 15:01:22

Hi Ibrahim,
its always a combination of factors but the main ones here were that mkt was straight down off open (save 2 small bounces at 9:50 and 11:45) and there was capitulatory type selling there at the lows represented by the big -TICK. It was also a big move - about 10 QQQ points which is well above the average daily range. From 13:22 to the low at 13:31 elevated volume came in and the 5 min candle was getting extended away from its EMAs. These are both signs a climax (or capitulation) approaching. Then at 13:31 we had a massive -TICK of almost -1500 which is what told me that sellers were likely capitulating. Then the 1min put in a beauty green hammer which was the ideal entry.

ibrahimahmet123

2020-09-24 09:04:59

Thanks dpaleo, really good break down!

TQQQ Trade on Sep 18, 2020 13:31 from dpaleo: Tradervue User Stock Trades.

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