META Trade on Oct 25, 2022 09:41 from quanphan135: Tradervue User Stock Trades.

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quanphan135

 

The set-up: Opening Drive/ Break Out

I was looking at META during the opening. Having alot of relative strength and decided to trade it. (Open above open price and up trend/ with the market SPY AND QQQ also pushing up). I was be able to see a healthy pull back and buy a at pull back signal (as long as it does not broke the up trend bar). I was buying at $133.50. Where I risking around 50c to target $1 to $2 move.

This trade also take a lot of time to working out (My first time to trade META). In the future, I will need to careful when enter a contract, I need to look at the spreach offer and ajust my position size accordingly with the risk

What I did Right:

Pick stock in play with trend and T/A. Trade with market momentum - as well as scale out and patient for the trade to working out

What I did Wrong: None

Where I could improve: A+ Setup, add size later.

Trade grade: A


Execution detail:

Date/time Symbol Side Price Position
2022-10-25 09:41:21 28 OCT 22 134 CALL buy $8.250 long
2022-10-25 09:46:34 28 OCT 22 134 CALL sell $8.600 long
2022-10-25 09:48:26 28 OCT 22 134 CALL sell $8.750 0


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