The set-up: Break Out Noon. (After 11 AM)
I watch this stock whole morning. Compare to the market RBLX have ALOT OF STRENGH while market is selling off. - I choosing open price at my key level, if this stock trading below this key. That will be my entry and stop loss.
So I enter a SHORT position at 42.60, when the stock trade below my level that I watch and show weakness now! I was risking about 30c to target full $1. (2.5R) ($41 could be a perfect target gain). I see there no volume at 42.50 and bid keep holding. So I decided to sell it. With a small gain (0.50R) - lol
What I did Right:
1) Watch this stock from strength into weakness
2) I identify clear trend and super good level to entries (my trade never red and almost stress-free)
3) Pick different stock to trade - WITH SUPER TREND ONLY
What I did Wrong:
1) Trading after 11 AM, violate my current edge/trading system
2) ABIT FOMO after 2 morning trade already gain but keep continue forcing myself watching different stock to trade.
Where I could improve:
Respect my pre-market plan. I choose 1 to 2 stock to TRADE only and before 11 am ofcourse.
Trade grade: B
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-10-18 11:22:54 | 21 OCT 22 43 PUT | buy | $1.740 | long |
2022-10-18 11:29:15 | 21 OCT 22 43 PUT | sell | $1.860 | 0 |
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