Shared by
kingsbayanalytics
Trade Journal
Date:
2021-10-01
Underlying:
UPST
Option Details:
1OCT21 305C
Big Picture
QQQ:
Slight downtrend frm chop into open
Intraday Fundamentals
1D RVOL: LOW
Clear Trend?: Y
Key Levels
Bull: $320
Bear: $315
News:
Technical Analysis
Next Big Sup/Res Level: $329 RES
Short Term: $320
Trade Mgmt
Reason(s) to Sell
Price Target: $295+ (In hindsight)
Intraday Trend Broken?: Y
Buying Pattern Dissipated?: Y
Review
How Clean Was Trade?:
B;
A little late in scalp hours; But it looked like a clean confirmed reversal; a potential retracement but ended up flattening out
Position Sizing:
Good;
Good price wise but this was another 0DTE which I need to not play until my account is larger
Play Type
Intraday: Reversal Oversold
Summary
The entry looks good; good wait for confirmation of reversal on 1m out of oversold territory and breakout of $290 chop; Could have exited a little better knowing $295 and then $300 we're big psych levels
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-10-01 10:47:27 | 1 OCT 21 305 CALL | buy | $1.250 | long |
| 2021-10-01 11:06:41 | 1 OCT 21 305 CALL | sell | $0.7500 | 0 |
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