UNH Trade on Nov 9, 2022 10:07 from quanphan135: Tradervue User Stock Trades.

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quanphan135

 

The set-up: Break Out Play

When market is open, I saw a sell off if SPY. After 30m, seeing SPY making a reversal candle coming back. Trading above opening price, I looking at UNH, offer alot of good risk and reward taget upset. I enter a LONG position at 552, risking $1 (SL 551) and Reward target $555 (3R)

Unfortunately, SPY COULD NOT pumping into 381.08 level so I watch UNH hit my stop loss and I getting out of my position as loss -1R

What I did Right:

1) I picking the stock and trading based on my plan.

2) I was patient enough for 30m not making any trade but looking and the market and SPY and find a reason to enter the trade.

3) I enter position only after getting a confirmation as SPY pushing UP opening price.

What I did Wrong:

1) I will need more confirmation, not only opening price but key level that I mark as well.

2) I feel like its a right trade. It's just getting a fake break out of the market

Where I could improve:

1) I will need more confirmation, not only opening price but also the "key level" that I mark as well both SPY and Stock I pick

2) I will need re-define my A+ Setup going forward.

Trade grade: B-


Execution detail:

Date/time Symbol Side Price Position
2022-11-09 10:07:41 11 NOV 22 550 CALL buy $7.300 long
2022-11-09 10:33:33 11 NOV 22 550 CALL sell $6.450 0


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