GOOGL Trade on Oct 15, 2021 11:00 from AtlasVanguardPaperTrading: Tradervue User Stock Trades.

GOOGL wedge breakout PLAYBOOK

Above is the pattern I drew on the 5min timeframe of a falling wedge and I was actually looking at the short side of it when i first noticed the pattern but I wanted to see where QQQ was headed when I was about to make the trade because I knew GOOGL would follow/move similarly and the 0DTE options were very cooled off and it was a perfect time to play a break out and be immediately up on a trade. I decided to start unloading into the VWAP buyers and it punched through buy I just unloaded because I was up almost 80% on a scalp.

QQQ was in a very similar pattern on the 5 min and found a lot of buyers at the 200EMA on 5min. Then it ran from 10:35 and broke premarket high at 11. That is the exact time that GOOGL sent.

How can I be bigger?
- This was a risky trade because I was using 0DTE option but I normally wont trade GOOGL at all because it doesn't fit my risk rules. I think that since there was a divergence in the way GOOGL was acting and QQQ even though they shared a pattern of consolidation should have clued me in that I could get HUGE in this trade. I don't think it would have been irresponsible to "full port" this trade and get 5 contracts per $1000 of riskable BP available.

What to look for next time?
1. A divergence in the strength of FAANG stock and QQQ is a great indicator especially when they were setting up the same pattern.
2.Wedge breakouts on key levels of support. Just wait for some indication of direction from the broader market and build a small position and get full port when it breaks out. No hesitation!!
3.CHeap premium bc of low volatility.