EL Trade on Nov 4, 2022 09:58 from quanphan135: Tradervue User Stock Trades.

The set-up: Break Out (Relative Strength) - Wide Spread / Less Liquid - Only me trading option that market. Dealing with Market Maker spread.

I was watching CAT when market is opened. BUT THEN missed on the opportunity of CAT when had a pull back. I decided switch to other name on TODAY watchlist.

EL was stock in play. Morning having a new high, then pull back with the market. After the pull back is healthy, stock show relative strength base charts and trade above opening priced. I GOT LONG at 212.50. Risking around $1 to target $3 (1:3)

As soon as enter, waiting over 30m going to my target. Get out and got a 2.8 R play. 18% ROI

What I did Right:

1) Having pre-market plan and stock in place
2) Follow the plan
3) Identify a healthy pull back and seeing trend and signal candle and entries after that
4) Having good R/R that planned out

What I did Wrong:

1) Missed CAT huge MOVE! but good to switch other watch stock in play
2) Good setup for sizing and scaling

Where I could improve:

1. Follow the plan, executed well.
2. Patient and identify opportunity is all I NEED to improve
3. Patient with market, and setup to come
4. Calm down after enter the trade and let the trade work without FEAR! (Focus on charts and price action to see if setup is still valid are not, not PnL)

Trade grade: B+