HD Trade on Nov 7, 2022 09:47 from quanphan135: Tradervue User Stock Trades.

The set-up: Opening Drive Play/ Break Down (3R)

HD was on my stock in play for relative weakness. When market is opened. Massive hammer red candle rejected at opening price both index and HD. I didn't chasing at the bottom (by being patient). Waiting for a pull back to get a good risk and reward (1:3R). Before I enter, I double check all higher time frame to make sure my bias and risk and reward are valid THEN I TRADE.

Bought at the pull back at 285 (Risking ~50c). Wait few min for other break down and sold my position at 283. Very clean and forward trade!

After this trade, there is no more trade for me after index showing trading range and choppy. Until around 1pm, massing pump and I missed it. There is alot of stocks, and setup if I patient enough, I could catch few more trader with monster R/R. For example this HD reversal, could also in play.

What I did Right:

1) I identify weakness both index and market at the opened.

2) Already had stock in play and follow the plan

3) Buy at pull back after signal candle. (R/R purpose)

4) Scale in and scale out

What I did Wrong: NONE

Where I could improve:

1) I could add size for this A+ Setup

2) After this trade, there is no more trade for me after index showing trading range and choppy. Until around 1pm, massing pump and I missed it. There is alot of stocks, and setup if I patient enough, I could catch few more trader with monster R/R. For example this HD reversal, could also in play.

Trade grade: A