DLTR Trade on Sep 30, 2021 09:48 from kingsbayanalytics: Tradervue User Stock Trades.

Trade Journal

Date:
2021-09-30

Underlying:
DLTR

Option Details:
1OCT21 325C

Big Picture

SPY:

QQQ:
Two days prior was all chop; no clear trend; Opened at POC from yesterday

IWM:

Intraday Fundamentals

1D RVOL: 3.3
Clear Trend?: N;
Choppy but heading downward

Key Levels
Bull: $101
Bear: $93

News:
DT announced addition of >$1 products

Technical Analysis

Next Big Sup/Res Level: $101 RES
Short Term: $
Long Term: $

Trade Mgmt

Reading Tape: N
Were there any clean levels day before?: Y;
9/29 AH/PM Gap up and level around $93

Reason(s) to Sell

Price Target: $
Intraday Trend Broken?: Y
Breaking News?:
N;

Nearing Another Key Level?: N
Unusual Seller on Tape?:
N;

Buying Pattern Dissipated?: N
Too Steep/Too Much Pullback?: N

Review
How Clean Was Trade?:
C;
I saw a large candle/MACD cross and dip into oversold territory. Lack of volume was what I didn't get.

Position Sizing:
Good;

Play Type

Intraday: Reversal
Longer Term: N/A
Supply/Demand: N/A
Market Profile: N/A

Summary
Didn't get volume confirmation. Was too biased on a second day play. It was smart to look at it for elevated RVOL but I should have waited for confirmation of direction.