Shared by
kingsbayanalytics
"Trade Journal
Date:
2021-10-09
Underlying:
TSLA
Option Details:
8OCT21 800C
80CT21 790P
Big Picture
SPY:
QQQ:
Opened higher than last day close
but lower than yesterday open
IWM:
Intraday Fundamentals
1D RVOL: 0.085
Clear Trend?: Y
Key Levels
Bull: $788
Bear: $777
News:
TSLA moving from CA to TX
Technical Analysis
Next Big Sup/Res Level: $805 RES
Short Term: $788
Long Term: $777
Trade Mgmt
Reading Tape: N
Were there any clean levels day before?: Y;
Reason(s) to Sell
Price Target: $800
Intraday Trend Broken?: N
Breaking News?:
N;
Nearing Another Key Level?: Y
Unusual Seller on Tape?:
N;
Buying Pattern Dissipated?: N
Too Steep/Too Much Pullback?: N
Review
How Clean Was Trade?:
F;
Didn't stop out fast enough
Position Sizing:
BAD;
Shouldn't have traded 0DTE
then overtraded over TM level
Play Type
Intraday: Opening Drive
LONGER TERM: N/A
SUPPLY/DEMAND: 1H Demand
MARKET PROFILE: N/A
SUMMARY
This was a bad string of trades started by not stopping out of first failed scalp.
Upon review I also see we're in a longer term chop over the last monthe where the $800-ish level is a peak"
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-10-08 09:30:30 | 8 OCT 21 800 CALL | buy | $4.000 | long |
| 2021-10-08 10:17:22 | 8 OCT 21 800 CALL | sell | $1.210 | long |
| 2021-10-08 10:17:27 | 8 OCT 21 800 CALL | sell | $1.210 | 0 |
| 2021-10-08 10:19:22 | 8 OCT 21 790 PUT | buy | $6.500 | long |
| 2021-10-08 10:29:14 | 8 OCT 21 790 PUT | sell | $5.800 | 0 |
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