NVDA Trade on Oct 18, 2022 09:42 from quanphan135: Tradervue User Stock Trades.

The set-up: Opening Drive Play/ Break Down

Today, I was doing something different. Trading TSLA for straight 2 months and everyday make no-sense for me. With Dpaleo offer some advice That I need to taking some different approach into my trading system/edge. If I only watch and trade only 1 TSLA. There is not always giving me a clear edge and the stocks having retail trading heavily in the stock. With my current skill, I need to step out of my conform zone. Watching different large cap stock everyday and searching for the best stock have a relative strength or weakness compare to the market (SPY and QQQ). - Always trading with Trend (on a Market Moving Daily) and find the stock offer most risk/reward and clean setup that fit into my trading edge/system.

NVDA is the play today. Compare to the market. At the open, NVDA had a huge pushing down wicked (bear) at the first opening candle. Extreme weak stock , and trading at the supply zone, clear bear trend. By understand this and already saw Market also selling off (pre-market gap up gain). (My first time trading NVDA options). Seeing a big picture and timeframe, I could entries at 213, risking only 50c. But I missed that entries!

Seeing the stock keep pushing down to 122. I enter a SHORT position at 122. Risking $1 (SL: $123 to break the bear trend). And downside target: 117-118. That 3 to 4R play. This trade is a beautiful trade for Trade2HOLD. Beautiful entries and SL make so much sense if it stop! And I did hold this position for a while and let it work out.

First Position Scale out at 1.5R. Then I moving/changing my STOP LOSS into breaking even for the rest contracts. Stock was reclaim into the new SL level. After that, keep going down (never back to my original SL) - So, because of this changing STOP LOSS. I missing out another 3 points potential gains.

What I did Right:

1) Choosing different stock to Trade (with my edge/system)

2) Identify trend. - Then Bigger Picture for R/R as well - Then Entries and SL!

3) Pay myself when market available. Scale out

What I did Wrong:

1) Changing my SL - Missed potential 2-3 points for my original plan

Where I could improve:

1) Same as Yesterday, I selling to fast, violate my STOP LOSS (Keep changing when I scaling out). Left alot of money in the table. I will try my best to fix this human error.

2) Increase or trade full size (A+ Setup)

Trade grade: A