MSFT Trade on Oct 27, 2022 09:54 from quanphan135: Tradervue User Stock Trades.

The set-up: Opening Drive Play/Break Out/ Earning 2nd day play

We had a disappointed MSFT earning. Stock was consolidate yesterday Oct 26 ( I only watched because there was a massive sell off earning after hours on Oct 25).

Today, MSFT also my weakness stock in play (Continue watching only). At 9:47 am, see a massive volume seller push MSFT broke support level 228.50, I try to get in but failed filled option contract at . $3.65

I am super patient to wait a pull back to buy low (I do not want to buy at the top and get premium crush). Finally get filled at 3.95 @ 227.50. SL around 30c (SL 277.82). Reward target at 226-ish.

At $227, I scale out 1 contract. Try to scale out another 2 contract but buyer (bid) hold alot at 227. I decided to sell the rest and protected my gain - After I sold, stock pull back into 230 at noon, then another sell off into $225.

What I did Right:

Pick right stock in play (trading my super trending and relative weakness with the market)
Trading with level and right momentum. (A+ Setup and executed)
Try to bought at the pull back
Scale out (even it failed)
What I did Wrong: Size - I miss calculate and only enter with 1k size (I want $1k5 max size)

Where I could improve: Size.

Trade grade: A