COGT Trade on Jun 13, 2022 12:23 from madihahmansor: Tradervue User Stock Trades.

-$42

PLAYBOOK TYPE

MARKET RECAP
Overall bearish with opportunities at the open.
Volume seems to improve for small caps despite continued sell-off in large caps.

INTRADAY FUNDAMENTALS

1. Catalyst = Don't know
2. RVOL = Didn't check =+-3
3. Average volume = 13.4M
4. ATR (5m)= $0.20
5. Previous close = $ 7.89
6. LT chart = Gap up continuation
7. Free Float = 36.5M
8. Shorts Float =

TRADE PLAN
Anticipated a break of resistance at $8.82 at time of entry ie noon , lunch hour.
Poor timing.

I did not check the float size before taking the trade. Normally would not have traded this despite the relatively low float.

However, the 47% intraday move without major sell off at the close indicates slightly better prospects for low floats for now.

TRADE MANAGEMENT
Saw multiple retest of the resistance marked at
$8.82 on the 1m chart around noon.

My trade idea turns out valid as it did break out all the way to $10.17 2pm onwards ie after lunch hour midday move.

The lowest pullback of $8.44 was still within my $0.30 stop limit from my AVG Cost.

In hindsight,I was impatient to wait for the trade to work out.

READING THE TAPE
Don't remember reading the tape on this one.

DAILY REPORT CARD

Daily Risk :

P&L :

Weekly P&L Goal :

1. How Prepared Were You For The Open?
   Somewhat prepared.

2. Profit Target vs Max Loss ?
   Max Loss = $50

3. Did I Define My Risk For Every Trade Before Entering?
   Yes, hence the impatient behaviour.

4. Did you remain patient with your trades?

   • No

5. Risk Management ?

6. Psyche : Any signs of being on tilt ?

   • No

7. Did I take an A+ trade today?

   • Not this one.

8. Areas of improvement ?
   Take note of the timing.
   Should pay more attention to the chart.
   This stock was nicely on the 9 EMA and well above 20/50/100/200 EMA .
   The chart was still bullish for intraday move as there per above and there selling was on low volume, indicating a potential move midday.

To take note of volume improvement in small caps for the coming weeks.