V Trade on Nov 2, 2022 10:24 from quanphan135: Tradervue User Stock Trades.

The set-up: Opening Drive Play / Breakdown
(This stock had high spread options and less liquid)

V was on my stock in play. Despite have daily and weekly uptrend. If market was strong today, I am going to LONG the stock.

But, SPY and QQQ and MasterCard were selling off at the open. Slow Volume, but I saw V could be a good candidate to play downside. After checking daily, weekly, hourly chart, bullish trend are break. I go ahead and bought a PUT at 205. Risking around 30c (205.32 are my stop loss).

Wait few min, hit my 1R more target. I slowly tried to scale out. Seeing SPY AND QQQ made a reversal. I decided to sell the rest of my position.

What I did Right:
1) Pick stock in play - with trend via technical analysis
2) Always trade with trend and momentum with the market.
3) Only entries at pull back after confirmation and have tight STOP LOSS

What I did Wrong:
1) Left money at the table (Need to improve my holding winner)

Where I could improve:
1) Entries and Reward target could be better
2) Could hold the rest position longer to meet 2R target (I sold because SPY AND QQQ are making reversal bull trend) - And I only trading with trend (relative strength + weakness)

Trade grade: B+