GOOGL Trade on Jun 6, 2022 09:31 from blbrown08: Tradervue User Stock Trades.

Premarket notes:
AMZN split today 20:1.

Gap up in market, particularly tech. Looking for relief strength in names also planning to split such as GOOGL or SHOP

What trade did you take?
GOOGL 2400c over PM highs ~2340.

Why did you take the trade? (Situation)

AMZN split this morning. It was relatively strong, moving almost 3 points in premarket, which would have correlated to a 60 point move beforehand. I wanted to see strength in other larger tech names with split news/rumors, such as SHOP and GOOGL.
How did you feel during the trade?
I did jump in the trade a little later than I wanted, closer to 2350 than 2340. Because I chased, I was very nervous about this going against me. I reminded myself of my levels and to respect them.

What did you do well during the trade?

I eased initial anxiety by reminding myself of my process goals and ignoring the P/L. The trade was in play, I accepted the risk, and let it play out.

What could you do better for the next time?

1) Enter as soon as it confirms; don’t chase.
2) It’s tough with one contract to extract the whole move, but had I had another runner, I could have cut the first halfway to MP, and let the 2nd ride with a full ATR stop (17-18 points). I would have suffered a 17 point drawdown in doing so, but would have rebounded to new MP at 2382 (top Bollinger) on the 10am candle. I’m happy with how I executed one contract though.

Levels:
- Entry: ~2345
- Measured Potential: 2373
- Stop loss: 15 points, build below 2360 once above. (halfway to MP).
- Exit: 2360