F Trade on Sep 20, 2022 09:31 from AriTradingSim: Tradervue User Stock Trades.

BIG PICTURE
Market trying to bottom again at 382. Key area appears to be 388 - 390 with emphasis on 388 if we are consolidating above or below it. Currently gapping down in the middle of yesterday’s range. Only news is possible fear of FOMC data being released today.

INTRADAY FUNDAMENTALS
News that company is having a hard time finding parts and the cost of supplies is skyrocketing.

LONG TERM TECHNICALS
Other than possible support at 14.00 there really isn't anything until a full ATR downward at 13.50 Below that is 13.00.
For resistance it would be the previous low from yesterday which was also the support for the past week at 14.50, then more at 15.00

INTRADAY TECHNICALS
R: 14.50 15 15.60
S: 14.20 14 13.50

Easy range to spot in the pre-market between 14.10 and 14.30

READING THE TAPE
The market opened and SPY, QQQ's, and this ticker were being bought up. I saw sellers coming in large stacking on the tape between 14.20 and 14.25. The stock re-traced the entire drive and when the buyers who were trying to hold it around 14.10 broke I hit the bid.

MANAGING THE TRADE

I hit the bids right away when the PM range broke as planned. I had a pretty tight stop because of the momentum to the downside but it didn't matter; The trade was green immediately. I took some off when the price slowed into 13.80. I was up 3R at the time so I bagged 1.5 of it. At this point I was hoping for a move back into 14 to put the size back on but it never got there, instead it stopped at 13.95 near VWAP. I saw this as the stock being weaker than expected and so as we moved back down I added it back on. There was a nice fight round 13.80 again so I took my add off here for another 1.5R. Now up 3R on the trade I felt I was in the driver's seat and can be more patient. buyers came in at 13.65 and I took off more for another 1R, then more at my far target of 13.50 for another 1R, and then lastly at 13.40 which was near the low back from it's breakout day on 07/28 for another 1R. Total of a 5R opening drive trade which is fantastic.

TRADE REVIEW
Very happy with this one. I executed it well and I'm happy with how I pieced out the profits. The stock felt like it could bounce quickly the entire way down with how the buying was taking place when the buyers came in, so I really feel that I couldn't have just held the bigger size all the way down. The entire time I was open to adding back in on a bounce but again it never happened. I did later get back in on a re-short play that worked but didn't have a lot of steam. One Good Trade.