NVDA Trade on Oct 19, 2022 10:20 from quanphan135: Tradervue User Stock Trades.

The set-up: Opening Drive Play/ Morning Break Out

Market have some consolidate during market opened. NVDA holding very well at opening priced print. Could buy earlier. When holding opening price print and tight risk beneath that level (around 119.25 is best). So only risking 0.25c and target upside.

However, after a huge trending candle pushing toward key level resistance and held the bid (121.80) I decided going LONG. Risking about 30c (SL: 121.50). Exit target are 122.50 (2R). After entries, follow my plan and patient, stock keep pushing with the strength of the market. I decided to sell all 2 contracts at 2.5R - Beautiful hunt/trade. (A+ setup)

What I did Right:

1) I identify and pick stocks that had relative strength compare to the market (NVDA)

2) I identify the consolidate spot (no direction) and did not trade in the morning.

3) After seeing strength and confirmation, I see my setup and edge and executed without fear.

4) Executed based on plan. 2R only (Patient during the trade)

What I did Wrong: None

Where I could improve:

I could enter early to maximize risk and return (above opening price where I can only risk 20c for the trade, but getting 4 points for reward)

Trade grade: A+