QQQ Trade on Oct 5, 2021 10:26 from kingsbayanalytics: Tradervue User Stock Trades.

Trade Journal

Date:
2021-10-05

Underlying:
QQQ

Option Details:
8OCT21 356C

Big Picture
QQQ:
Gap up over yesterday; Significant drop 10/4 AM but rally towards the EOD; there was a huge AH spike then steady rising in pre-market

Intraday Fundamentals

1D RVOL: 2.5
Clear Trend?: Y

Key Levels
Bull: $358
Bear: $355

News:

Technical Analysis

Next Big Sup/Res Level: $358 RES
Short Term: $358

Trade Mgmt

Reading Tape: N
Were there any clean levels day before?: Y;

Reason(s) to Sell

Price Target: $359 (Didn't have this target in the moment)
Intraday Trend Broken?: N
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?:
F;
Bad time of day for scalp;
Could have planned for intradary swing to $358-$359

Position Sizing:
Bad;
Too high for scalp at this time of day

Play Type

Supply/Demand: 4H Demand

Summaryb
There was a 1min morningstar at time of entry (I'm now assuming that the pattern is less significant the more you drill down timeframe and as volume falls off);
I shouldn't be scalping at this time but it could have been good for an intraday or two-day swing