SOFI Trade on Oct 12, 2021 09:39 from AtlasVanguardPaperTrading: Tradervue User Stock Trades.

This was a Playbook trade. I was looking on larger time frames where SOFI was gaining momentum to push through an upper channel trendline of a bullflag on the daily timeframe.

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My reasoning was that SOFI was trading in a tight range in the premarket. I marked premarket low, high, and where SOFI opened. I then drew a zone that I was willing to buy the dip in and look for a scalp to the top of the range with some of my size and leave some for the bigger move and add on dips to my levels. I used to the tape to show me that buyers were stepping in and bids were stepping up and taking out offers.

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Where could I be bigger?
- I honestly think I should have gotten huge when SOFI held the $18.25 price level because that is where it opened and almost directly in the middle of the premarket range. I think it was also really bullish to see the intensity of the wicks on the 5min in my load zone. That is a key indicator that buyers have control of this move and adding larger size at the price level SOFI opened at would have been smart. I could have also added when it was holding support over the premarket high. Dips to premarket high should have been aggressively bought.

What to look for next time?
- Perfect looking premarket range
- Aggressive wicks in the load zone
- I think looking for something so close to the upper trendline of the bullflag on larger time frames has a "tractor beam effect" where price needs to go touch the trendline. So I should have looked to really carry some risk overnight and sell as soon as the trendline is stroked.


Execution detail:

Date/time Symbol Side Price Position
2021-10-12 09:39:05 15 OCT 21 18.5 CALL buy $0.3300 long
2021-10-12 09:42:13 15 OCT 21 18.5 CALL sell $0.4000 long
2021-10-12 09:44:22 15 OCT 21 18.5 CALL buy $0.3300 long
2021-10-12 09:45:54 15 OCT 21 18.5 CALL sell $0.3100 0
2021-10-12 09:47:46 15 OCT 21 18.5 CALL buy $0.3200 long
2021-10-12 09:52:43 15 OCT 21 18.5 CALL sell $0.4300 long
2021-10-12 10:09:17 15 OCT 21 18.5 CALL buy $0.5100 long
2021-10-12 10:10:03 15 OCT 21 18.5 CALL sell $0.5100 0


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