PLTR Trade on Jan 25, 2021 09:30 from stephenkrichmond: Tradervue User Stock Trades.

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stephenkrichmond

 
  1. Trade Plan: ORB 1/5 - 100 share blocks ; Risk - $50 per trade ($250 day); # of Trades 5 This will be tough to pull off for stocks mid cost stocks that haven't chosen a definite direction AND a good entry point.  
  2. Overall Rating: 9/10  
  3. What was Good: Stuck to plan of 100 share size. Took initial partials of 25-50%. Didn’t get greedy, didn’t increase share size unless warranted. Focused on my list. When I FOMO'd a few times, I immediately got out because it wasn’t part of the plan.  
  4. What was Bad: Nothing  
  5. Improvement Areas: I visually partial based on bar movement. Eyes not fast enough to look at entry cost and calculate first partial and subsequent partials based on R. This hurts when the cost scale in stretched out and a long bar makes you believe the price is moved significantly when it hasn't  
  6. Rule(s) Broken: None  
  7. Stop Loss: Was your stop loss according to your trading plan? Yes  
  8. Entry: Did the entry meet the pre-trade checklist? Was the entry too early? Yes and No  
  9. Profit Taking: Did you exit according to plan (Upper Band/Lower Band/Middle Band/Stop Loss)? Why did you exit? Yes. Exited at sign of pullback or stall in the breakup
     
    Psychology: Were you patient on the entry? Were you patient on the exit? Did you trade the P/L (focus on the outcome not process) either retaining profits or trying to make back losses? P/L was hidded. Unrealized gains were visible to signal me when to exit. Was patient on the entry/exit. PLTR However was late on ORB5M and exited to early (didnt plan a stop and didn’t want to give back gains.

  10. Based on 1 min Volume went long
    @$34.86

  11. Took first 50% partial at $35.41 (1R)
    a. After two small partials waited to see if Premarket high is resistance.

  12. ADD 100 at break of Premarket High
    And Partialed 25%+ near R4 in case of resistance. Last partials after R4

  13. Missed the 5ORB entry but it turned into a BHOD at 9:36/38 added two more times then exited at pullback

Shares traded: 400
Closed Gross P&L: $121.28
Gross Return: 2.43R

Commissions/fees: $2.00
Closed Net P&L: $119.28
Net Return: 2.39R
Initial risk: $50.00

DAS Screenshot

image


Execution detail:

Date/time Symbol Side Price Position
2021-01-25 09:30:49 PLTR buy $34.860 long
2021-01-25 09:31:12 PLTR sell $35.410 long
2021-01-25 09:31:30 PLTR sell $35.710 long
2021-01-25 09:31:43 PLTR sell $35.950 long
2021-01-25 09:32:06 PLTR buy $36.470 long
2021-01-25 09:32:12 PLTR sell $36.570 long
2021-01-25 09:32:19 PLTR sell $36.600 long
2021-01-25 09:32:22 PLTR sell $36.710 long
2021-01-25 09:32:31 PLTR sell $36.520 long
2021-01-25 09:32:47 PLTR sell $36.710 long
2021-01-25 09:33:01 PLTR sell $37.180 long
2021-01-25 09:33:04 PLTR sell $36.920 0


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