Shared by
quanphan135
The set-up: Momentum/Broke Out Trend
I wait confirmation at the opening drive down. Failed to retest Vwap and SHORT at any important resistance level with tape confirmation.
What I did Right:
1) Today TSLA split - market was up 6 points. I wait to get confirmation for the trend
2) After see clearly about the trend first 5m, I decided to support at any important resistance.
3) I reading the tape to get confirmation.
4) I trade small size to get green day
5) I HIT THE BID WITH ONE TRADE SETUP with only $5 loss - GOOD JOBS QUAN
What I did Wrong:
NONE - BUT MORE ROOM TO IMPROVE
Where I could improve:
Always remember
•LONG AT SUPPORT
•SHORT AT RESISTANCE
•TRADING WITH TREND
BEFORE ENTER A TRADE (THINK)
•IS IT A GOOD SETUP I WANT TO TRADE (1:5)
•DO I PICK THE RIGH POSITION?
•WHAT IS MY TARGET EXIT PRICE?
Play Defense:
•WHEN THE STOCKS TRADE AGAINIST YOUR SETUP AND AT YOUR EXIST PRICE = HIT THE BID
•DO NOT DOUBLE ON YOUR LOSS POSITION = HIT THE BID
•SMALL LOSS IS BETTER THAN BIG LOSS = HIT THE BID
•PATIENT WITH PRICE ACTION = RESPECT THE MARKET
Trade grade: A
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-08-25 09:33:14 | 26 AUG 22 301.67 PUT | buy | $5.400 | long |
| 2022-08-25 09:33:44 | 26 AUG 22 301.67 PUT | sell | $5.700 | 0 |
| 2022-08-25 09:36:47 | 26 AUG 22 301.67 PUT | buy | $6.350 | long |
| 2022-08-25 09:36:58 | 26 AUG 22 301.67 PUT | sell | $6.830 | 0 |
| 2022-08-25 09:37:47 | 26 AUG 22 301.67 PUT | buy | $7.800 | long |
| 2022-08-25 09:38:00 | 26 AUG 22 301.67 PUT | sell | $8.100 | 0 |
| 2022-08-25 09:42:07 | 26 AUG 22 293.33 CALL | buy | $5.650 | long |
| 2022-08-25 09:42:51 | 26 AUG 22 293.33 CALL | sell | $5.600 | 0 |
| 2022-08-25 09:44:25 | 26 AUG 22 293.33 CALL | buy | $5.150 | long |
| 2022-08-25 09:46:06 | 26 AUG 22 293.33 CALL | sell | $5.400 | 0 |
| 2022-08-25 09:52:54 | 26 AUG 22 292.5 CALL | buy | $6.200 | long |
| 2022-08-25 09:53:21 | 26 AUG 22 292.5 CALL | sell | $6.400 | 0 |
| 2022-08-25 09:57:35 | 26 AUG 22 294.17 CALL | buy | $5.700 | long |
| 2022-08-25 09:58:15 | 26 AUG 22 294.17 CALL | sell | $5.900 | 0 |
| 2022-08-25 10:06:56 | 26 AUG 22 301.67 PUT | buy | $7.600 | long |
| 2022-08-25 10:08:16 | 26 AUG 22 301.67 PUT | sell | $7.900 | 0 |
Comments
quanphan135
@Breeze, I saw your comment, feel free to reaching me out if you need some advice. Twitter @quanphanmusic
Breeze
absolutely
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Very proud of you bro. Ive been getting killed.Worst trading of my life.